China’s economy grew at a lower rate than expected in the third quarter, in the latest evidence that recent efforts to rev up growth have yet to take hold. The economy expanded at an annual rate of 4.6% between July and September but the figure was down from the 4.7% of the previous quarter. The figure for the world’s second-largest economy fell short of the official target for “about 5%” growth for 2024, a figure some analysts consider too ambitious unless more aggressive measures are put in place to spur consumer demand and a recovery in the ailing property sector. Related How China’s sluggi…