Top Asian News 3:41 a.m. GMT

·1-min read

China's economic growth weakens amid construction slowdown

BEIJING (AP) — China’s economic growth sank in the latest quarter as a construction slowdown and official curbs on energy use by factories weighed on the nation's recovery from the coronavirus pandemic. The world’s second-largest economy grew 4.9% over a year earlier in July-September, down from the previous quarter’s 7.9%, government data showed Monday. Factory output, retail sales and investment in construction and other fixed assets all weakened. Growth is under pressure from government controls aimed at making the energy-hungry economy more efficient and at reducing reliance on debt that Chinese leaders worry is dangerously high and could cause financial problems.

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