China's third quarter GPD grows less than projected, with fossil fuel shortage slowing industry

​​China’s Gross Domestic Product grew less than expected in the third quarter – with a power shortage significantly impacting the country's industrial activity significantly and the world's second-largest economy. 

The county's National Bureau of Statistics reported Monday that China GDP grew 4.9% in the third quarter from a year ago, according to CNBC. 

The number missed expectations for a 5.2% expansion, according to analysts polled by Reuters.

In addition, industrial production increased by 3.1% in September, below the 4.5% expected by Reuters.