🔗 Share this article

The Chinese economic growth decelerated during the three months concluding in September as commercial disputes with the US intensified.

The global number two economy grew by 4.8% compared to the equivalent timeframe in the previous year, representing its slowest rate in twelve months, according to official statistics released on the start of the week.

This financial information surfaces following China's enforcement of extensive restrictions on its shipments of strategic minerals - essential elements for worldwide technology production, a move that rocked the fragile commercial ceasefire with the US.

The third quarter gross domestic product growth will establish the atmosphere for a meeting of China's senior officials this coming days to discuss the nation's economic blueprint covering the period between twenty twenty-six and twenty thirty.

Key Economic Indicators

The four point eight percent growth in the third quarter represented a slowdown from the five point two percent recorded in the three months concluding in July.

China's National Bureau of Statistics announced the economic system demonstrated "remarkable durability and vitality" against international challenges, attributing momentum in its technology sector and business services as key expansion factors.

Beijing has set a target of "approximately five percent" economic growth this year and has thus far avoided a sharp downturn, supported by government support measures.

International Trade Developments

US President Donald Trump reacted promptly to China's restrictions on critical minerals by threatening additional 100% tariffs on imports from China.

US Treasury Secretary Secretary Bessent stated he expects to confer with China's representatives this coming days in Malaysia in an effort to ease tensions and organize a summit between the US President and his Chinese equivalent Xi Jinping.

Prior to the latest escalation, China's companies had taken advantage of the trade truce with Washington to ship goods to the American market, resulting in China's exports increasing by eight point four percent in last month.

Sector Results

The overall worth of foreign goods to China was also higher, while China's manufacturing production grew by 6.5% last month from a year earlier.

Producers in 3D-printing, robotics and EVs were among its strongest performers, while the services industry, which includes technology services, advisory firms, and shipping companies, also showed expansion.

The Asian economy continues to show remarkable resilience despite increasing international commercial challenges and domestic financial recalibrations.