🔗 Share this article

China's economic growth decelerated during the quarter ending in the end of September as trade tensions with the US intensified.

The global number two economy expanded by 4.8% compared to the equivalent timeframe in the previous year, representing its slowest rate in twelve months, according to government figures published on Monday.

This financial information surfaces following China's implementation of extensive controls on its exports of strategic minerals - essential minerals for global electronics manufacturing, a decision that disrupted the delicate commercial ceasefire with the US.

The third quarter GDP expansion will set the tone for a meeting of China's top leaders this coming days to examine the nation's development plan covering the years between twenty twenty-six and twenty thirty.

Key Financial Metrics

The four point eight percent expansion in the July-September period signified a slowdown from the five point two percent registered in the three months ending in July.

China's statistical authority stated the economic system demonstrated "strong resilience and dynamism" against international challenges, attributing growth in its technology sector and commercial services as key growth drivers.

The Chinese government has set a goal of "approximately five percent" economic growth this calendar year and has so far avoided a sharp downturn, supported by government support measures.

International Trade Situations

US President Donald Trump responded promptly to China's restrictions on critical minerals by threatening extra double duties on goods from China.

US Treasury Secretary Scott Bessent indicated he anticipates to confer with China's representatives this coming days in Malaysia in an attempt to ease tensions and arrange a summit between the US President and his counterpart Xi Jinping.

Prior to the recent flare-up, Chinese businesses had taken advantage of the trade truce with Washington to export products to the US, resulting in China's exports increasing by 8.4% in last month.

Sector Results

The total value of imports to the country was also up, while China's manufacturing production grew by 6.5% last thirty-day period from a previous year.

Manufacturers in additive manufacturing, automation technology and EVs were among its strongest performers, while the service sector, which includes technology services, advisory firms, and shipping companies, also showed expansion.

The Chinese economy continues to show significant resilience despite growing international trade pressures and domestic economic adjustments.