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China's economic growth slowed during the quarter concluding in September as trade tensions with the US intensified.

The world's second-largest economy grew by 4.8% compared to the same period in the previous year, representing its weakest pace in a full year, according to official statistics released on Monday.

This economic data emerges following China's implementation of extensive controls on its shipments of rare earths - critical elements for global electronics production, a move that rocked the fragile commercial ceasefire with the United States.

The three-month period gross domestic product expansion will establish the atmosphere for a meeting of China's top leaders this coming days to discuss the nation's development plan covering the period between 2026 and 2030.

Key Financial Metrics

The 4.8% growth in the July-September period signified a slowdown from the five point two percent recorded in the quarter ending in mid-year.

China's statistical authority announced the economy displayed "remarkable durability and vitality" against international challenges, crediting growth in its tech industry and business services as key expansion factors.

The Chinese government has established a goal of "around 5%" economic expansion this calendar year and has so far prevented a significant decline, assisted by government support measures.

International Trade Situations

US President Donald Trump reacted swiftly to China's restrictions on rare earths by threatening additional 100% tariffs on imports from the Asian nation.

US Treasury Secretary Scott Bessent indicated he expects to confer with China's representatives this week in Southeast Asia in an effort to ease tensions and organize a summit between Trump and his Chinese equivalent President Xi.

Prior to 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 overseas shipments increasing by 8.4% in September.

Sector Results

The overall worth of foreign goods to China was also up, while China's manufacturing production expanded by 6.5% last month from a year earlier.

Producers in additive manufacturing, robotics and EVs 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 durability despite growing international commercial challenges and domestic economic adjustments.