SHANGHAI, Oct 18 (Reuters) - China stocks closed lower on Monday as data showed growth in the world’s second-largest economy hit a one-year low, while analysts did not expect an imminent broad monetary policy support.
The blue-chip CSI300 index fell 1.2%, to 4,874.78, while the Shanghai Composite Index lost 0.1% to 3,568.14 points.
** China’s economy grew 4.9% in July-September from a year earlier, the weakest pace since the third quarter of 2020, hurt by power shortages, supply bottlenecks and sporadic COVID-19 outbreaks and rising heat on policymakers amid increasing jitters over the property sector.
** Despite slowing growth, policymakers signaled they have other ways to support growth. Some analysts toned down their expectations for further broad monetary policy support.
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