BEIJING -- China's recovery slowed markedly last quarter as persistent weakness in the real estate market rippled across a broad swath of the economy, weighing on profits and the job market and leaving nervous consumers reluctant to open their wallets.
Economy
Real estate and job worries slow China's economy
Uncertain consumers shift to saving as private-sector profits slump
A worker carries shovels while walking past a road construction site in Beijing. Pessimism about the job market has spurred households to prioritize saving over spending. © Reuters
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