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The Chinese economic growth decelerated during the quarter concluding in September as trade tensions with the US intensified.

The world's second-largest economy expanded by 4.8% compared to the same period in 2024, representing its weakest pace in a full year, according to official statistics released on the start of the week.

This financial information emerges following China's implementation of extensive restrictions on its shipments of strategic minerals - essential elements for worldwide electronics production, a move that rocked the delicate trade truce with the US.

The third quarter GDP growth will establish the atmosphere for a meeting of China's senior officials this coming days to examine the country's economic blueprint covering the period between 2026 and 2030.

Important Economic Indicators

The 4.8% expansion in the third quarter represented a slowdown from the 5.2% registered in the three months ending in July.

China's National Bureau of Statistics announced the economy displayed "remarkable durability and vitality" against international challenges, attributing growth in its tech industry and commercial services as primary growth drivers.

Beijing has established a target of "around 5%" economic growth this calendar year and has thus far avoided a sharp downturn, supported by government support measures.

Global Trade Developments

American leader President Trump reacted promptly to China's controls on rare earths by proposing extra double duties on goods from the Asian nation.

American finance official Secretary Bessent indicated he anticipates to meet Chinese officials this coming days in Malaysia in an effort to reduce friction and organize a summit between the US President and his counterpart Xi Jinping.

Prior to the latest flare-up, China's companies had taken advantage of the commercial ceasefire with Washington to export products to the US, resulting in China's overseas shipments rising by eight point four percent in last month.

Industry Results

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

Producers in 3D-printing, robotics and EVs were among its best-performing sectors, while the service sector, which includes technology services, consultancies, and transport and logistics, also experienced growth.

The Asian economy continues to demonstrate remarkable durability despite increasing international commercial challenges and internal financial recalibrations.