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Economy

China economic growth slumps to weakest since 2009, demand ebbs as trade war bites

Updated : October 19, 2018 09:47 AM IST

Chinese authorities are trying to navigate through numerous challenges, as the trade war fears have sparked a blistering selloff in domestic stock markets and a steep decline in the value of the yuan versus the dollar, heightening worries about the growth outlook.
The economy grew 6.5 percent in the third quarter from a year earlier, slower than 6.7 percent in the second quarter, the National Bureau of Statistics said on Friday. Analysts polled by Reuters had expected the economy to expand 6.6 percent in the July-September quarter.
China economic growth slumps to weakest since 2009, demand ebbs as trade war bites
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