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The Chinese economic growth decelerated during the three months ending in the end of September as commercial disputes with the US intensified.

The global number two economy expanded by 4.8% compared to the same period in 2024, representing its weakest pace in a full year, according to government statistics released on the start of the week.

This financial information emerges following China's implementation of comprehensive controls on its shipments of rare earths - essential minerals for worldwide technology manufacturing, a decision that disrupted the delicate commercial ceasefire with the US.

The third quarter GDP expansion will set the tone for a meeting of China's top leaders this coming days to examine the country's development plan covering the period between 2026 and 2030.

Key Financial Indicators

The four point eight percent expansion in the July-September period signified a slowdown from the five point two percent recorded in the three months ending in mid-year.

China's statistical authority stated the economy demonstrated "strong resilience and vitality" against external pressure, attributing growth in its technology sector and business services as primary expansion factors.

The Chinese government has established a goal of "approximately five percent" economic growth this calendar year and has thus far prevented a sharp downturn, assisted by state intervention policies.

International Trade Situations

American leader Donald Trump responded swiftly to China's controls on critical minerals by proposing additional 100% tariffs on imports from the Asian nation.

US Treasury Secretary Secretary Bessent indicated he expects to confer with China's representatives this week in Malaysia in an effort to ease tensions and arrange a meeting between the US President and his Chinese equivalent President Xi.

Before the recent escalation, Chinese businesses had capitalized of the trade truce with Washington to ship goods to the US, resulting in China's exports rising by 8.4% in last month.

Sector Performance

The total value of foreign goods to China was also higher, while China's manufacturing production grew by six point five percent last month from a year earlier.

Producers in additive manufacturing, robotics and EVs were among its best-performing sectors, while the service sector, which encompasses IT support, advisory firms, and transport and logistics, also experienced growth.

The Chinese economy continues to show remarkable resilience despite increasing international trade pressures and domestic financial recalibrations.