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The Chinese economic growth slowed during the three months concluding in the end of September as trade tensions with the US escalated.

The world's second-largest economy expanded by 4.8% compared to the equivalent timeframe in 2024, representing its slowest rate in twelve months, according to official statistics published on Monday.

This economic data surfaces following China's implementation of extensive restrictions on its exports of rare earths - essential minerals for worldwide electronics production, a move that rocked the fragile commercial ceasefire with the US.

The third quarter GDP expansion will set the tone for a gathering of China's senior officials this week to examine the country's development plan covering the period between twenty twenty-six and 2030.

Important Financial Indicators

The 4.8% expansion in the July-September period signified a slowdown from the five point two percent registered in the quarter ending in mid-year.

China's statistical authority announced the economic system demonstrated "strong resilience and dynamism" against external pressure, crediting momentum in its tech industry and business services as key expansion factors.

Beijing has set a target of "approximately five percent" economic growth this calendar year and has thus far prevented a significant decline, assisted by government support measures.

International Trade Developments

US President President Trump reacted swiftly to China's restrictions on rare earths by proposing extra 100% tariffs on goods from China.

US Treasury Secretary Secretary Bessent stated he anticipates to meet Chinese officials this coming days in Southeast Asia in an effort to reduce friction and organize a summit between Trump and his Chinese equivalent President Xi.

Prior to the recent escalation, Chinese businesses had taken advantage 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 last month.

Industry Results

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

Manufacturers in additive manufacturing, automation technology and EVs were among its strongest performers, while the service sector, which includes IT support, consultancies, and shipping companies, also showed expansion.

The Asian economy continues to show remarkable durability despite growing global trade pressures and internal financial recalibrations.