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07.11 - 23:13
China GDP disappoints, third-quarter growth slows to 4.9%
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cnbc.comBEIJING — China's third-quarter GDP grew a disappointing 4.9% as industrial activity rose less than expected in September.
The National Bureau of Statistics said Monday that gross domestic product grew 4.9% in the third quarter from a year ago. That missed expectations for a 5.2% expansion, according to analysts polled by Reuters.
Industrial production rose by 3.1% in September, below the 4.5% expected by Reuters.
«Since entering the third quarter, domestic and overseas risks and challenges have increased,» Fu Linghui, spokesperson for the National Bureau of Statistics, said at a press conference Monday in Mandarin, according to a CNBC translation.
The power shortage had a «certain impact» on normal production, Fu said, but he added that
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