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China's economy stumbles on Evergrande debt, energy shortages | DW News DW NewsChina GDP disappoints, third-quarter growth slows to 4.9% CNBCChina's GDP Growth Slows as Property and Energy Take a Toll The New York TimesChina's GDP Growth Slows Amid Property, Energy Crises Bloomberg Markets and FinanceChina's Economic Growth Weakens Amid Construction Slowdown CBN NewsView Full Coverage on Google News
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GDP expands at slowest pace in a year as property slowdown and energy crisis hit recovery
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The world's second-largest economy grew by a weaker-than-expected 4.9% over a year ago in the three months ending in September, down from the previous quarter's 7.9%, government data showed on Monday.
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 U.S. stock futures edged lower Monday as slower-than-forecast growth in China set off a cautious tone ahead of huge slate of earnings.
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 Nasdaq defies trend as China economic concerns steer Wall Street lower
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 Major U.S. stock indexes kicked off the week on a soft note Monday, under pressure after data showed slowing economic growth in China, and as investors awaited a heavy slate of corporate earnings. The Dow Jones Industrial Average fell 153 points, or 0.4%, to 35,143, while the S&P 500 was down 0.4% at 4,455 and the Nasdaq Composite gave up 0.3% to trade at 14,853. China reported 4.9% year-over-year growth in the third quarter, a big slowdown from the 7.9% recorded in the second quarter as construction output slowed.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Growth of 4.9 percent shows the country's huge industrial sector has run into trouble. But exports and services are looking strong.
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Buyers in Europe and US must wait longer for supplies as factories are forced to slash operating capacity
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