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International Business Times
International Business Times
Business

China's Economic Growth Slowed To 4.8% In Third Quarter: AFP Poll

The trade row with the United States has compounded problems in China's economy including weak consumer spending and a debt crisis in the property sector (Credit: AFP)

China's economy likely grew at its slowest pace in a year last quarter, according to an AFP survey, dragged down by lacklustre demand and a crisis in the crucial property sector, compounded by a trade war with the United States.

Beijing has struggled to kickstart a full recovery from the Covid-19 pandemic, which hammered sentiment among the country's army of consumers, even after a series of measures aimed at stimulating buying.

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