China’s economy slowed in the third quarter as multiple headwinds from a property slump to an energy crisis weighed on growth.

Gross domestic product expanded 4.9% from a year earlier, the National Bureau of Statistics said Monday, down from a previously reported 7.9% in the preceding quarter and compared with a median forecast of 5% in a Bloomberg survey of economists.

Beijing’s tighter restrictions on the property market have curbed construction activity and squeezed financing to the sector. Meantime, a worsening debt crisis at China Evergrande Group is now spilling over to other developers and contributing to a slump in land sales. 

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