🔗 Share this article The Chinese Economy Growth Slows as Commercial Tensions with US Flare Up The 4.8% growth in the three-month period marked a slowdown from 5.2% in the previous three-month span China's economic expansion decelerated during the three months concluding in the end of September as commercial disputes with the United States escalated. The global number two economy expanded by 4.8% compared to the same period in 2024, representing its slowest rate in a full year, according to government figures published on Monday. This economic data surfaces following China's implementation of extensive controls on its exports of rare earths - essential elements for worldwide technology production, a decision that rocked the delicate trade truce with the United States. The three-month period GDP growth will establish the atmosphere for a gathering of China's top leaders this coming days to examine the nation's economic blueprint covering the years between 2026 and 2030. Important Financial Indicators The four point eight percent expansion in the July-September period signified a slowdown from the 5.2% recorded in the quarter ending in mid-year. China's National Bureau of Statistics announced the economy demonstrated "strong resilience and vitality" against external pressure, crediting growth in its tech industry and business services as primary growth drivers. Beijing has established a target of "approximately five percent" economic growth this calendar year and has thus far prevented a significant decline, supported by government support measures. International Trade Situations American leader Donald Trump reacted promptly to China's restrictions on rare earths by proposing additional 100% tariffs on imports from the Asian nation. American finance official Secretary Bessent indicated he expects to meet China's representatives this week in Malaysia in an attempt to ease tensions and arrange a summit between the US President and his Chinese equivalent Xi Jinping. Before the latest flare-up, China's companies had capitalized of the commercial ceasefire with the United States to export products to the US, resulting in China's exports increasing by eight point four percent in September. Sector Performance The total value of imports to China was likewise higher, while China's manufacturing production grew by six point five percent last thirty-day period from a year earlier. Manufacturers in 3D-printing, robotics and EVs were among its best-performing sectors, while the services industry, which encompasses IT support, consultancies, and transport and logistics, also experienced growth. The Chinese economy continues to demonstrate remarkable resilience despite growing international commercial challenges and domestic economic adjustments.