China's economy will grow less than previously expected this year and next as the property market, once a key driver of domestic economic growth, continues to struggle, a Reuters poll shows.
According to the Reuters poll, China's economy is expected to grow 5 percent this year, below the 5.5 percent forecast in the July poll. Expectations for growth ranged from 4.5 percent to 5.5 percent.
The world's second-largest economy is struggling with huge debts due to years of government investment in infrastructure and shrinking real estate, posing risks not only to itself but also to the global economy.
Source (Al-Arabiya.net Website, Edited)
