🔗 Share this article The Chinese Economic Growth Decelerates as Commercial Disputes with United States Flare Up The 4.8% growth in the third quarter marked a slowdown from 5.2% in the previous quarter The Chinese economic growth slowed during the quarter concluding in September as commercial disputes with the United States intensified. The world's second-largest economy grew by four point eight percent compared to the equivalent timeframe in 2024, representing its slowest rate in a full year, according to official statistics published on the start of the week. This economic data emerges following China's enforcement of extensive controls on its exports of rare earths - essential elements for global electronics production, a decision that rocked the delicate trade truce with the United States. The third quarter gross domestic product growth will establish the tone for a meeting of China's top leaders this week to discuss the country's development plan covering the period between twenty twenty-six and 2030. Key Financial Indicators The 4.8% growth in the July-September period represented a reduction from the five point two percent recorded in the quarter concluding in mid-year. China's National Bureau of Statistics stated the economy demonstrated "remarkable durability and dynamism" against external pressure, attributing momentum in its tech industry and business services as key growth drivers. The Chinese government has established a target of "around 5%" economic expansion this year and has thus far avoided a sharp downturn, supported by state intervention policies. Global Trade Developments US President President Trump reacted swiftly to China's restrictions on rare earths by proposing extra 100% tariffs on goods from the Asian nation. US Treasury Secretary Scott Bessent stated he anticipates to meet China's representatives this week in Malaysia in an effort to reduce friction and arrange a summit between the US President and his Chinese equivalent Xi Jinping. Prior to the recent flare-up, China's companies had taken advantage of the trade truce with Washington to ship goods to the US, resulting in China's overseas shipments increasing by eight point four percent in last month. Sector Results The total value of imports to China was likewise up, while China's manufacturing production grew by 6.5% last month from a year earlier. Manufacturers in 3D-printing, automation technology and EVs were among its best-performing sectors, while the services industry, which encompasses technology services, advisory firms, and transport and logistics, also experienced growth. The Chinese economy continues to show remarkable durability despite growing global commercial challenges and internal financial recalibrations.