WATCH: Helen Qiao of BofA Global Research discusses what the latest figures say about the state of China’s economy. China’s housing slump and electricity shortages dragged down economic growth last quarter, with signs there will be more pain to come as the country heads into winter and property curbs remain. Gross domestic product expanded 4.9% from a year earlier, the National Bureau of Statistics said Monday, down from 7.9% in the previous quarter, and largely in line with economists’ projections. Beijing has signaled it’s not rushing to stimulate the economy, suggesting growth may continue to slow in the coming months. That means the country’s usual voracious demand for construction-related commodities could weaken further. The slowdown was largely a result of an attempt by Beijing to reduce financial risks by slowing the pace of lending to the real estate sector, which accounts for up to 25% of GDP once related […]