China growth cools to 4.8% as property pain deepens and US trade fight heats up
China’s economic growth slowed in the July–September quarter as the property crisis dragged on and trade tensions with the US escalated. Official data released Monday shows the world’s second-largest economy grew 4.8% year-on-year, its weakest pace in a year and down from 5.2% in the previous quarter. The slowdown comes after Beijing imposed sweeping controls…