HONG KONG/SHANGHAI — China's economy slipped deeper into a funk in the third quarter, testing the administration's resolve to boost demand.
Gross domestic product rose 4.6% year-on-year in the three months to September, the National Bureau of Statistics reported on Friday. That was lower than the second quarter's 4.7% growth, marking the slowest pace since the first quarter of 2023, when the country emerged from three years of strict COVID-19 restrictions.