( ) -q-19- UNDATED (Correspondent Jeremy House) “of around five-percent.” China says its economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter. [CutID: <Cuts> CHINA-ECONOMY-house-q-MONam.mp3 Time: 19s Title: CHINA-ECONOMY-house-q-MONam Out-cue: of around five-percent] TAG: Correspondent Jeremy House reporting. The update Monday on the state of the economy came as leaders of the […]
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China’s economy slowed in the last quarter
( ) -q-19- UNDATED (Correspondent Jeremy House) “of around five-percent.”
China says its economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter.
[CutID: <Cuts> CHINA-ECONOMY-house-q-MONam.mp3
Time: 19s
Title: CHINA-ECONOMY-house-q-MONam
Out-cue: of around five-percent]
TAG: Correspondent Jeremy House reporting. The update Monday on the state of the economy came as leaders of the ruling Communist Party gathered for a once-a-decade conclave to set economic policy that was expected to focus on self-sufficient strategies for growth in an era of tensions over trade and technology.
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VERBATIM: The rate was sharply below the 5.3% annual pace of growth seen in the first quarter of the year. Economists say weak consumer demand and reduced government spending are dragging on growth. China’s economy grew at a 5% pace in the first half of the year, at the government’s target of around 5%.