🔗 Share this article

The Chinese economic growth decelerated during the quarter ending in the end of September as trade tensions with the US escalated.

The world's second-largest economy grew by four point eight percent compared to the same period in 2024, representing its slowest rate in a full year, according to official statistics published on the start of the week.

This economic data surfaces following China's enforcement of comprehensive restrictions on its shipments of rare earths - critical minerals for global technology production, a decision that rocked the delicate commercial ceasefire with the United States.

The third quarter gross domestic product growth will set the atmosphere for a gathering of China's top leaders this coming days to discuss the country's economic blueprint covering the period between twenty twenty-six and 2030.

Key Economic Indicators

The four point eight percent growth in the July-September period represented a slowdown from the five point two percent registered in the three months ending in mid-year.

China's statistical authority stated the economic system demonstrated "remarkable durability and dynamism" against external pressure, crediting momentum in its tech industry and commercial services as primary growth drivers.

The Chinese government has established a goal of "around 5%" economic growth this calendar year and has so far prevented a sharp downturn, supported by government support measures.

Global Trade Developments

US President Donald Trump responded swiftly to China's controls on rare earths by threatening additional double duties on imports from China.

US Treasury Secretary Scott Bessent indicated he anticipates to confer with Chinese officials this week in Southeast Asia in an effort to ease tensions and arrange a meeting between the US President and his Chinese equivalent President Xi.

Prior to the recent escalation, Chinese businesses had capitalized of the trade truce with the United States to ship goods to the American market, resulting in China's overseas shipments increasing by eight point four percent in September.

Industry Results

The overall worth of imports to China was also up, while China's manufacturing production grew by six point five percent last month from a year earlier.

Producers in 3D-printing, robotics and electric vehicles were among its strongest performers, while the service sector, which encompasses IT support, consultancies, and transport and logistics, also showed expansion.

The Asian economy continues to show remarkable durability despite increasing international trade pressures and domestic economic adjustments.