Agency. China's economy is slowly declining. The Chinese economy suffered a major setback in the September quarter of this year. China's economic growth slowed to 4.9 percent in the September quarter.

The world's second-largest economy (GDP) grew by just 4.9 percent in the September quarter. China's economy grew 7.9 percent in the second quarter. The economy grew at an impressive 18.3 percent in the first quarter.

China's National Bureau of Statistics (NBS) has described the country's current economic situation as "unstable and unequal", citing domestic reasons. China released its third-quarter data on Monday. China's GDP was 6.7 percent in 2018, 5.9 percent in 2019, and 2.3 percent in 2020.

In fact, economic growth in the world's second-largest economy slowed to less than 5 percent in the third quarter of the current fiscal year. This is a matter of concern for China. Here are three main reasons for the decline in China's economy:

The first reason: a quarter of China's GDP comes from the real estate industry. Recently, the Chinese government introduced a new law for real estate companies. Since then, the real estate business in China has been in constant trouble. China's largest real estate company Evergrande has borrowed अर्ब 300 billion. The company is unable to pay the bond on the due date. Experts say that the interest of investors in the property sector has not only waned but they are also feeling intimidated about investing in this sector.

The second reason: power cuts also affected China's construction in September. Production is declining due to the power crisis caused by the shortage of coal, which is a matter of concern. In fact, in the first month of this year, China failed to meet its energy control targets. Due to which power supply is being cut. Factories have been affected due to lack of electricity. Because of this, there is also the problem of unemployment.

Third reason: The tech and gaming industries are currently in trouble in China. Under one rule, video game regulators have banned children under the age of 18. And, they have limited time to play video games. Due to which these industries have been affected. According to experts, such a policy decision has had a huge impact on China's growth rate.