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October 19, 2021

Construction slows in China, pressuring economic growth

By JOE McDONALD
AP Business Writer

BEIJING — China's economic growth is sinking under pressure from a construction slowdown and power shortages, prompting warnings about a possible shock to its trading partners and global financial markets.

The world's second-largest economy grew by a weaker-than-expected 4.9% over a year ago in the three months ending in September, down from the previous quarter's 7.9%, government data showed Monday. Factory output, retail sales and investment in construction and other fixed assets all weakened.


 
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