🔗 Share this article China's Economic Growth Slows as Trade Tensions with US Flare Up The 4.8% expansion in the third quarter marked a deceleration from five point two percent in the prior three-month span The Chinese economic expansion slowed during the quarter concluding in September as trade tensions with the US intensified. The global number two economy expanded by 4.8% compared to the same period in the previous year, representing its slowest rate in twelve months, according to official statistics released on Monday. This financial information emerges following China's implementation of extensive restrictions on its exports of strategic minerals - essential minerals for worldwide electronics manufacturing, a move that disrupted the fragile trade truce with the United States. The third quarter GDP growth will establish the tone for a gathering of China's top leaders 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 signified a reduction from the 5.2% recorded in the three months ending in July. China's National Bureau of Statistics stated the economy demonstrated "remarkable durability and vitality" against international challenges, crediting growth in its tech industry and commercial services as primary growth drivers. The Chinese government has set a goal of "around 5%" economic expansion this year and has thus far avoided a significant decline, supported by government support measures. International Commercial Developments US President Donald Trump reacted swiftly to China's restrictions on rare earths by threatening extra double duties on goods from China. US Treasury Secretary Secretary Bessent stated he expects to confer with China's representatives this coming days in Malaysia in an effort to ease tensions and organize a meeting between Trump and his counterpart Xi Jinping. Before the latest escalation, China's companies had capitalized of the trade truce with the United States to ship goods to the US, resulting in China's overseas shipments increasing by 8.4% in September. Industry Results The total value of foreign goods to China was likewise higher, while China's industrial output expanded by six point five percent last thirty-day period from a previous year. Producers in 3D-printing, robotics and EVs were among its best-performing sectors, while the service sector, which includes IT support, advisory firms, and shipping companies, also showed expansion. The Asian economy continues to demonstrate significant durability despite growing global trade pressures and domestic economic adjustments.