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Photo: Yu Hongchun/VCG via Getty Images

China's economic growth dropped to 6.5% in Q3 — the weakest it's been since the financial crisis, according to the Wall Street Journal.

The big picture: The economy overall is on track to still meet its growth target of 6.5%, WSJ reports, though the drop in numbers could hurt China's ability to negotiate with the U.S. amid the brewing trade war.

The details, per WSJ: The drop was due to growth "in industrial output and consumption."

  • Chinese financial officials released statements Friday seeking to ease investors' concerns, with People’s Bank of China Gov. Yi Gang saying the recent “abnormal fluctuations” in the Chinese stock market don’t reflect the country’s “stable financial system.”

What's next: If growth continues to slow, China is "ready to roll out more pro-growth measures," WSJ reports, doing things like giving banks more money to provide loans and increasing government spending.

Meanwhile, Caixin reports that the combination of slowing GDP growth and the fact the stock markets are deep in bear market territory is making regulators very concerned:

"President Xi’s top economic adviser and the heads of the securities regulator, the combined insurance and banking watchdog and the central bank all released statements urging investors to stay calm as the country’s main stock market neared a four-year low."

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Trump impeachment trial to start week of Feb. 8, Schumer says

Senate Majority Leader Chuck Schumer. Photo: The Washington Post via Getty

The Senate will begin former President Trump's impeachment trial the week of Feb. 8, Majority Leader Chuck Schumer announced Friday on the Senate floor.

The state of play: Schumer announced the schedule after reaching an agreement with Republicans. The House will transmit the article of impeachment against the former president late Monday.

3 hours ago - Health

CDC extends interval between COVID vaccine doses for exceptional cases

Photo: Joseph Prezioso/AFP via Getty

Patients can space out the two doses of the coronavirus vaccine by up to six weeks if it’s "not feasible" to follow the shorter recommended window, according to updated guidance from the Centers for Disease and Control and Prevention.

Driving the news: With the prospect of vaccine shortages and a low likelihood that supply will expand before April, the latest changes could provide a path to vaccinate more Americans — a top priority for President Biden.