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China's economic growth decelerated during the quarter ending in September as commercial disputes with the US escalated.

The global number two economy grew by 4.8% compared to the same period in 2024, representing its slowest rate in a full year, according to official figures published on the start of the week.

This financial information emerges following China's enforcement of extensive controls on its shipments of strategic minerals - critical minerals for worldwide technology production, a move that disrupted the fragile commercial ceasefire with the US.

The third quarter GDP growth will set the tone for a gathering of China's top leaders this coming days to examine the country's economic blueprint covering the period between twenty twenty-six and 2030.

Important Financial Indicators

The four point eight percent expansion in the July-September period represented a reduction from the 5.2% recorded in the quarter concluding in mid-year.

China's statistical authority announced the economic system displayed "remarkable durability and dynamism" against external pressure, attributing momentum in its technology sector and business services as primary growth drivers.

Beijing has established a target of "around 5%" economic expansion this calendar year and has so far prevented a sharp downturn, supported by government support measures.

Global Trade Developments

American leader Donald Trump reacted promptly to China's controls on rare earths by threatening extra double duties on imports from the Asian nation.

American finance official Scott Bessent indicated he anticipates to meet China's representatives this coming days in Southeast Asia in an effort to ease tensions and organize a meeting between the US President and his Chinese equivalent Xi Jinping.

Before the recent escalation, Chinese businesses had taken advantage of the commercial ceasefire with the United States to export products to the American market, resulting in China's exports increasing by eight point four percent in last month.

Sector Results

The overall worth of imports to the country 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 service sector, which includes technology services, consultancies, and transport and logistics, also experienced growth.

The Asian economy continues to demonstrate significant resilience despite growing global trade pressures and domestic economic adjustments.