🔗 Share this article China's Economic Expansion Slows as Trade Tensions with US Intensify The 4.8% expansion in the third quarter marked a slowdown from 5.2% in the previous quarter The Chinese economic growth slowed during the three months ending in September as trade tensions with the United States escalated. The global number two economy grew by 4.8% compared to the equivalent timeframe in the previous year, representing its weakest pace in twelve months, according to official figures released on Monday. This financial information surfaces following China's implementation of comprehensive restrictions on its shipments of rare earths - critical elements for worldwide technology production, a decision that disrupted the delicate commercial ceasefire with the US. The three-month period GDP growth will set the tone for a gathering of China's senior officials this week to discuss the country's economic blueprint covering the years between 2026 and 2030. Important Financial Indicators The four point eight percent growth in the third quarter represented a reduction from the five point two percent registered in the three months ending in mid-year. China's statistical authority announced the economic system displayed "strong resilience and vitality" against external pressure, crediting momentum in its tech industry and commercial services as primary growth drivers. The Chinese government has set a target of "around 5%" economic growth this calendar year and has thus far avoided a sharp downturn, supported by government support measures. International Commercial Developments American leader Donald Trump reacted promptly to China's restrictions on rare earths by threatening additional 100% tariffs on goods from China. US Treasury Secretary Secretary Bessent indicated he anticipates to meet China's representatives this week in Malaysia in an effort to reduce friction and arrange a meeting between Trump and his counterpart President Xi. Before the latest 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 8.4% in September. Industry Performance The overall worth of foreign goods to the country was also up, while China's industrial output expanded by 6.5% last month from a year earlier. Producers in 3D-printing, automation technology and electric vehicles were among its strongest performers, while the service sector, which encompasses IT support, advisory firms, and shipping companies, also showed expansion. The Asian economy continues to show significant durability despite increasing global trade pressures and domestic economic adjustments.