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China's economy stumbles on Evergrande debt, energy shortages | DW News

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In China, economic growth is struggling – it came in at 4.9 percent in the third quarter this year, lower than analysts had forecast. That's also a lot lower than the 7.9 percent increase China chalked up in the previous quarter. The world’s second biggest economy is under pressure from high commodity prices amid uncertainty sparked by the Evergrande Group's debt crisis, which is piling risk onto the property and banking sectors. In addition, rising coal prices have led to energy shortages, hitting China's vital industrial sector. And a microchip shortage is hitting carmakers and tech companies.

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#China #Evergrande #EnergyShortage
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