News Snapshot:
by João Marcelo SAO PAULO – China’s economy grew at a slower pace for a year in the third quarter of 2021, hampered by an energy crisis, supply chain disruptions, worsening debt in its real estate sector and sporadic Covid-19 outbreaks. Data released last week showed that the Gross Domestic Product (GDP) grew 4.9% at an annual rate between July and September, after increasing 7.9% in the period from April to June. This is the weakest performance since the third quarter of 2020, when China’s GDP also registered 4.9%. Due to the effects of Covid-19, with people at home, the...
