Chinese economic data showed that the gross domestic product of the People's Republic of China grew by 4.9% in the third quarter of this year, which is considered disappointing, with industrial activity rising by less than Expected in September.
GDP grew 4.9% in the third quarter year on year, the National Bureau of Statistics said, missing expectations of 5.2% growth, according to analysts polled by Reuters. .
This is the slowest pace of China's economic growth in a year, affected by electricity shortages, supply chain bottlenecks, major fluctuations in the real estate market and increasing pressure on policy makers to do more to support a faltering recovery. .
Industrial production rose 3.1% in September, less than the 4.5% forecast by Reuters.
The urban unemployment rate in China in September was 4.9%. However, the unemployment rate for those aged 16-24 remained much higher, at 14.6%.
It is reported that the crisis of the Chinese real estate company (Evergrand) has devastated the economic sentiment during this quarter, affecting the performance of many lenders and real estate companies alike.< /p>
