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

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

The details: The drop was due to growth "in industrial output and consumption," the Journal writes. 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," the WSJ reports, doing things like giving banks more money to provide loans and increasing government spending.

Go deeper: The threats posed by a U.S.-China rivalry

Go deeper

The COVID-19 learning cliff

Illustration: Aïda Amer/Axios

Perhaps the most jarring reality of the COVID-19 pandemic for families has been the sudden and dramatic disruption to all levels of education, which is expected to have deep social and economic repercussions for years — if not decades — to come.

Why it matters: As millions of students are about to start the school year virtually, at least in part, experts fear students may fall off an educational cliff — missing key academic milestones, falling behind grade level and in some cases dropping out of the educational system altogether.

Postal slowdown threatens election breakdown

In 24 hours, signs of a pre-election postal slowdown have moved from the shadows to the spotlight, with evidence emerging all over the country that this isn't a just a potential threat, but is happening before our eyes.

Why it matters: If you're the Trump administration, and you're in charge of the federal government, remember that a Pew poll published in April found the Postal Service was viewed favorably by 91% of Americans.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 21,280,608 — Total deaths: 767,422— Total recoveries: 13,290,879Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 5,335,398 — Total deaths: 168,903 — Total recoveries: 1,796,326 — Total tests: 65,676,624Map.
  3. Health: The coronavirus-connected heart ailment that could lead to sudden death in athletes — Patients grow more open with their health data during pandemic.
  4. States: New York to reopen gyms, bowling alleys, museums.
  5. Podcasts: The rise of learning podsSpecial ed under pressure — Not enough laptops — The loss of learning.