China’s Economic Growth Slows as Trade Tensions with U.S. Worsen

China’s economic growth slowed in the three months to the end of September as problems in the property market persisted and trade tensions with the U.S. flared up.

The latest growth figure marked a slowdown from the annual rate of 5.2% recorded in the three months to July.

The world’s second-largest economy grew by 4.8% compared to the same period in 2024—its weakest pace in a year—official figures released recently show, Osmond Chia reported for BBC News.

The data comes after China imposed sweeping controls on its exports of rare earths—minerals essential for global electronics production—a move that rattled its fragile trade truce with the U.S.

The third-quarter growth figures will set the tone for a gathering of China’s top leaders this week to discuss the country’s economic blueprint for the next five years.

The latest growth figure marked a slowdown from the annual rate of 5.2% recorded in the three months to July.

China’s National Bureau of Statistics said the economy showed “strong resilience and vitality” under pressure, crediting momentum in the technology sector and business services as key growth drivers.

Beijing has set a goal of “around 5%” economic growth this year and has so far avoided a sharp downturn, helped by government support measures and what—until recently—had been a trade ceasefire with Washington.