International Business: China Q3 GDP growth seen hitting one-year low, raising heat on policymakers – Gulf Digital News

International Business: China Q3 GDP growth seen hitting one-year low, raising heat on policymakers – Gulf Digital News

BEIJING: China's economy likely grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks and raising heat on policymakers amid rising jitters over the property sector.

Data released on Monday is expected to show gross domestic product (GDP) grew 5.2% in July-September from a earlier - the weakest pace since the third quarter of 2020 - weakening from 7.9% in the second quarter, a Reuters poll showed.

That would mark a further deceleration from 18.3% expansion in the first quarter, when the year-on-year growth rate was heavily flattered by the very low comparison seen during the COVID-induced slump of early 2020.