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

The global number two economy grew by 4.8% compared to the same period in 2024, representing its weakest pace in a full year, according to government figures published on Monday.

This economic data emerges following China's enforcement of comprehensive restrictions on its exports of rare earths - critical elements for worldwide technology manufacturing, a decision that disrupted the fragile commercial ceasefire with the United States.

The third quarter gross domestic product expansion will set the atmosphere for a meeting of China's top leaders this week to examine the country's economic blueprint covering the years between 2026 and twenty thirty.

Important Financial Indicators

The four point eight percent growth in the July-September period signified a slowdown from the five point two percent recorded in the quarter ending in July.

China's National Bureau of Statistics stated the economic system demonstrated "remarkable durability and vitality" against external pressure, crediting momentum in its tech industry and commercial services as key growth drivers.

The Chinese government has set a target of "approximately five percent" economic expansion this calendar year and has thus far prevented a sharp downturn, supported by government support measures.

Global Trade Situations

American leader President Trump responded promptly to China's restrictions on rare earths by proposing extra 100% tariffs on goods from the Asian nation.

American finance official Scott Bessent indicated he anticipates to meet Chinese officials this coming days in Malaysia in an effort to ease tensions and arrange a summit between Trump and his counterpart Xi Jinping.

Before the latest escalation, China's companies had taken advantage of the commercial ceasefire with Washington to export products to the US, resulting in China's exports increasing by eight point four percent in last month.

Sector Performance

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

Manufacturers in additive manufacturing, automation technology 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 Chinese economy continues to show significant resilience despite increasing international commercial challenges and internal economic adjustments.