Economics
China's Economy Slows Amid Darker Outlook at Home and Abroad
- Industrial output weaker than expected, retail sales stronger
- Downward pressure on growth is rising, statistics bureau says
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China’s economic growth slowed more than expected in the third quarter, as weak industrial output data and what the government called the "severe international situation" challenged efforts to stabilize the economy and reach its growth targets.
Gross domestic product increased 6.5 percent in the three months through September from a year earlier, compared to 6.6 percent in a Bloomberg survey and down from the 6.7 percent pace in the previous quarter. That’s the slowest since the aftermath of the global financial crisis in 2009.