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China's economic growth decelerated 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 same period in 2024, representing its weakest pace in twelve months, according to government statistics released on Monday.

This financial information surfaces following China's enforcement of comprehensive restrictions on its exports of rare earths - critical minerals for global technology manufacturing, a move that disrupted the delicate trade truce with the US.

The three-month period gross domestic product expansion will set the tone for a meeting of China's senior officials this week to examine the country's development plan covering the period between twenty twenty-six and twenty thirty.

Important Economic Metrics

The four point eight percent growth in the July-September period represented a reduction from the five point two percent recorded in the three months concluding in mid-year.

China's statistical authority announced the economy demonstrated "remarkable durability and vitality" against international challenges, crediting growth in its tech industry and business services as key growth drivers.

The Chinese government has set a goal of "around 5%" economic growth this calendar year and has thus far prevented a significant decline, assisted by government support measures.

Global Trade Situations

US President Donald Trump responded swiftly to China's restrictions on rare earths by threatening extra 100% tariffs on goods from the Asian nation.

US Treasury Secretary Secretary Bessent stated he anticipates to meet Chinese officials this week in Southeast Asia in an attempt to ease tensions and organize a meeting between Trump and his Chinese equivalent President Xi.

Prior to the recent flare-up, China's companies had capitalized of the trade truce with Washington to export products to the US, resulting in China's exports increasing by 8.4% in last month.

Sector Results

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

Producers in additive manufacturing, robotics and EVs were among its strongest performers, while the service sector, which includes technology services, advisory firms, and shipping companies, also showed expansion.

The Chinese economy continues to demonstrate remarkable durability despite increasing global commercial challenges and internal economic adjustments.