China’s economy grows at a 4.6% rate in the last quarter, falls short of the official 5% target
Associated PressOCT 20 2024
China struggles to meet the government's economic objective of 5% growth. According to new data from China's National Bureau of Statistics, released on Friday, the annual GDP growth rate in the three months to September was only 4.6%, the lowest since early last year.
China's economic growth has missed the 5% threshold for the second quarter in a row due to a housing crisis, poor consumers, and corporate confidence.