News Snapshot:
Power shortages, issues with supply chains, and major issues in the property market of the country resulted in China’s economic growth happening at its slowest pace in a year during the third quarter. This has now pressurized policymakers to take more measures to prop up the recovery of the economy from the pandemic hit. In the July-September period, China reported a 4.89 per cent year on year growth in the gross domestic product (GDP), according to data released on Monday which is the slowest for the economy since the third quarter of 2020 and much lower than analysts’ expectations. The...
