China's GDP growth slows to real 4.9% in 3rd qtr amid property woes

China's economy in the July-September period expanded a real 4.9 percent from a year earlier, official data showed Wednesday, its growth decelerating from 6.3 percent in the previous quarter amid a prolonged property sector crisis.The year-on-year increase in gross domestic product of the world's second-largest economy was slightly below the country's growth target of around 5.0 percent for 2023. On a quarter-on-quarter basis, China's GDP saw a 1.3 percent expansion compared with a revised 0.5 percent growth in the April-June period.The National Bureau of Statistics said the country's econo…READ FULL ARTICLE