đź”— Share this article The Chinese Economy Growth Decelerates as Trade Tensions with US Flare Up The four point eight percent expansion in the third quarter represented a slowdown from 5.2% in the prior quarter The Chinese economic growth decelerated during the quarter concluding in the end of September as trade tensions with the United States intensified. The global number two economy expanded by four point eight percent compared to the equivalent timeframe in 2024, representing its weakest pace in twelve months, according to government figures published on the start of the week. This economic data emerges following China's enforcement of extensive controls on its shipments of strategic minerals - critical minerals for global technology production, a move that rocked the fragile commercial ceasefire with the United States. The third quarter GDP growth will set the tone for a meeting of China's senior officials this coming days to discuss the country's economic blueprint covering the period between twenty twenty-six and twenty thirty. Important Financial Indicators The four point eight percent expansion in the July-September period represented a slowdown from the five point two percent recorded in the three months concluding in mid-year. China's National Bureau of Statistics announced the economic system demonstrated "remarkable durability and vitality" against international challenges, attributing momentum in its tech industry and business services as primary expansion factors. The Chinese government has set a target of "around 5%" economic growth this year and has thus far avoided a sharp downturn, assisted by state intervention policies. International Commercial Situations US President Donald Trump responded promptly to China's restrictions on rare earths by threatening additional 100% tariffs on goods from China. US Treasury Secretary Secretary Bessent stated he expects to meet Chinese officials this coming days in Malaysia in an effort to ease tensions and arrange a summit between Trump and his counterpart Xi Jinping. Prior to the recent escalation, Chinese businesses had taken advantage of the trade truce with Washington to ship goods to the American market, resulting in China's exports increasing by eight point four percent in last month. Industry Results The overall worth of imports to the country was also higher, while China's manufacturing production grew by 6.5% last thirty-day period from a year earlier. Producers in 3D-printing, robotics and electric vehicles were among its strongest performers, while the service sector, which encompasses technology services, advisory firms, and shipping companies, also showed expansion. The Asian economy continues to show significant resilience despite growing international commercial challenges and internal economic adjustments.