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- By Summer Wright
- 15 May 2026
China's economic expansion slowed during the quarter concluding in September as trade tensions with the US escalated.
The world's second-largest economy grew by four point eight percent compared to the same period in the previous year, representing its slowest rate in twelve months, according to government figures released on Monday.
This economic data emerges following China's enforcement of comprehensive restrictions on its shipments of strategic minerals - critical minerals for global technology production, a move that rocked the fragile trade truce with the United States.
The three-month period gross domestic product growth will set the tone for a meeting of China's top leaders this week to discuss the nation's development plan covering the period between 2026 and 2030.
The 4.8% growth in the third quarter represented a reduction from the 5.2% registered in the three months concluding in July.
China's National Bureau of Statistics announced the economy demonstrated "remarkable durability and vitality" against external pressure, attributing momentum in its tech industry and business services as key growth drivers.
The Chinese government has set a goal of "around 5%" economic expansion this calendar year and has so far prevented a significant decline, assisted by government support measures.
US President President Trump reacted swiftly to China's restrictions on rare earths by proposing additional 100% tariffs on goods from China.
American finance official Secretary Bessent indicated he anticipates to meet Chinese officials this coming days in Southeast Asia in an attempt to ease tensions and organize a meeting between Trump and his counterpart Xi Jinping.
Prior to the latest escalation, China's companies had taken advantage of the commercial ceasefire with the United States to export products to the US, resulting in China's exports increasing by 8.4% in last month.
The total value of imports to China was also higher, while China's industrial output expanded by 6.5% last thirty-day period from a previous year.
Producers in additive manufacturing, robotics and electric vehicles were among its best-performing sectors, while the service sector, which encompasses technology services, advisory firms, and transport and logistics, also experienced growth.
The Chinese economy continues to demonstrate significant resilience despite growing international commercial challenges and internal economic adjustments.
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