China’s Economic Growth Slows Down

• China’s economy grew at its slowest pace in a year in the third quarter of 2021, with a global energy crunch, supply chain bottlenecks, and an unsteady property market also adding pressure on policymakers to bolster a faltering economic recovery. 
• China’s real GDP for Q321 came at 4.9%, which was in line with expectations for a sharp slowdown owing to COVID-19 outbreaks that resulted in localised lockdowns between July and August 2021, as well as acute power shortages.
• It is expected that growth will slow further in Q421 given continued shortages, while 2022 will likely see slower growth than pre-pandemic trend levels. A poorer outlook for investment amid Beijing’s regulatory campaign and push for 'common prosperity', as well as a likely end to China’s export outperformance will cap economic growth in China in 2022.

(Source: Investing.com)