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The Chinese economic expansion slowed during the quarter concluding in the end of September as commercial disputes with the US escalated.

The world's second-largest economy expanded by 4.8% compared to the same period in 2024, representing its slowest rate in a full year, according to government figures released on Monday.

This financial information emerges following China's enforcement of extensive restrictions on its shipments of strategic minerals - critical minerals for global electronics manufacturing, a decision that disrupted the fragile trade truce with the US.

The third quarter gross domestic product growth will set the tone for a meeting of China's senior officials this coming days to examine the nation's economic blueprint covering the period between 2026 and 2030.

Important Economic Metrics

The 4.8% expansion in the third quarter represented a reduction from the 5.2% recorded in the three months ending in mid-year.

China's statistical authority announced the economy demonstrated "strong resilience and dynamism" against external pressure, crediting momentum in its tech industry and commercial services as key growth drivers.

Beijing has set a goal of "approximately five percent" economic expansion this calendar year and has thus far prevented a sharp downturn, supported by state intervention policies.

Global Commercial Developments

American leader Donald Trump responded promptly to China's restrictions on critical minerals by threatening extra 100% tariffs on imports from the Asian nation.

American finance official Secretary Bessent indicated he expects to confer with 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 counterpart Xi Jinping.

Prior to the latest escalation, Chinese businesses had taken advantage of the trade truce with the United States to export products to the American market, resulting in China's overseas shipments rising by 8.4% in last month.

Industry Results

The total value of imports to China was likewise higher, while China's manufacturing production expanded by 6.5% last thirty-day period from a previous year.

Manufacturers in additive manufacturing, robotics and electric vehicles were among its strongest performers, while the service sector, which includes technology services, consultancies, and shipping companies, also experienced growth.

The Asian economy continues to show remarkable resilience despite increasing global trade pressures and internal economic adjustments.