China's economic growth weakens amid construction slowdown
By JOE McDONALD AP Business Writer
BEIJING (AP) — China's economic growth sank in the latest quarter as a slowdown in construction and curbs on energy use weighed on its recovery from the coronavirus pandemic.
Government data show the world's second-largest economy grew by 4.9% over a year ago in the three months ending in September, down from the previous quarter's 7.9%.
Factory production, retail sales and investment in construction and other fixed assets all weakened.
Construction, an industry that supports millions of jobs, has slowed since regulators tightened control last year over borrowing by developers.
Manufacturing also was hampered in September by power cuts imposed by some major provinces to avoid exceeding official efficiency goals.