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China Property and Energy Crises Deliver Blow to GDP Growth

On the upside, September retail sales growth improved from the previous month as officials loosened restrictions introduced in August to contain outbreaks of the coronavirus.
Shanghai, China's commercial centre. Denys Nevozhai via Unsplash.
Shanghai, China's commercial centre. Denys Nevozhai via Unsplash.

China’s housing slump and electricity shortages dragged down economic growth last quarter, with signs there will be more pain to come as the country heads into winter and property curbs remain.

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