China's economic growth slows to 4.9% in 3rd quarter, outlook dim

China's economy grew 4.9 percent from a year earlier during the July-September period, official data showed Monday, but the pace of expansion slowed and the economic outlook has become gloomier against a backdrop of an electricity shortfall and financial market turmoil.The world's second-largest economy recorded the sixth straight quarter of growth, highlighting that the Asian power has steadily overcome the coronavirus shock, buoyed by a recovery of internal and external demand.The pace of expansion, however, decelerated amid fears that a spike in global materials prices and a tightening o…READ FULL ARTICLE