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The Chinese economic growth slowed during the quarter ending in September as trade tensions 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 twelve months, according to official statistics published on Monday.

This economic data surfaces following China's implementation of comprehensive restrictions on its exports of strategic minerals - critical elements for global technology production, a move that rocked the fragile trade truce with the US.

The three-month period gross domestic product growth will establish the atmosphere for a meeting of China's senior officials this coming days to examine the nation's development plan covering the years between 2026 and 2030.

Key Financial Indicators

The 4.8% growth in the July-September period represented a slowdown from the 5.2% registered in the three months concluding in mid-year.

China's National Bureau of Statistics stated the economy displayed "remarkable durability and vitality" against international challenges, attributing growth in its technology sector and business services as key expansion factors.

The Chinese government has established a goal of "around 5%" economic growth this year and has thus far prevented a significant decline, supported by government support measures.

Global Trade Developments

American leader President Trump responded promptly to China's controls on critical minerals by threatening extra 100% tariffs on imports from China.

US Treasury Secretary Secretary Bessent indicated he anticipates to confer with Chinese officials this week in Malaysia in an attempt to reduce friction and organize a meeting between Trump and his counterpart Xi Jinping.

Prior to the recent flare-up, China's companies had taken advantage of the trade truce with the United States to ship goods to the US, resulting in China's overseas shipments rising by eight point four percent in September.

Sector Performance

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

Producers in 3D-printing, automation technology and EVs were among its strongest performers, while the service sector, which includes IT support, advisory firms, and transport and logistics, also showed expansion.

The Chinese economy continues to demonstrate significant durability despite growing international commercial challenges and internal economic adjustments.