{"id":237912,"date":"2025-10-20T05:57:09","date_gmt":"2025-10-20T05:57:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/237912\/"},"modified":"2025-10-20T05:57:09","modified_gmt":"2025-10-20T05:57:09","slug":"chinas-economic-growth-slows-as-trade-tensions-with-us-flare-up","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/237912\/","title":{"rendered":"China’s economic growth slows as trade tensions with US flare up"},"content":{"rendered":"

China’s economic growth slowed in the three months to the end of September as trade tensions with the US flared up.<\/p>\n

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<\/a> released on Monday show.<\/p>\n

The data comes after China imposed sweeping controls on its exports of rare earths<\/a> – minerals essential for the global production of electronics, a move that rocked its fragile trade truce with the US.<\/p>\n

The third quarter gross domestic product (GDP) growth will set the tone for a gathering of China’s top leaders this week to discuss the country’s economic blueprint<\/a> between 2026 and 2030.<\/p>\n

The 4.8% growth in the third quarter marked a slowdown from 5.2% in the three months to July.<\/p>\n

China’s National Bureau of Statistics said the economy showed “strong resilience and vitality” against pressure . It credited momentum in its technology sector and business services as key growth drivers.<\/p>\n

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.<\/p>\n

US President Donald Trump responded swiftly to China’s controls on rare earths by threatening an additional 100% tariffs on imports from China<\/a>.<\/p>\n

US Treasury Secretary Scott Bessent said he expects to meet Chinese officials this week in Malaysia in a bid to ease tensions and set up a meeting between Trump and his counterpart Xi Jinping.<\/p>\n

Before the recent flare-up, Chinese businesses had taken advantage of the trade truce with Washington to ship goods to the US, resulting in China’s exports rising by 8.4% in September. The total value of imports to China was also up.<\/p>\n

China’s industrial output grew by 6.5% last month from a year earlier, with its 3D-printing, robotics and electric vehicles manufacturers among its strongest performers.<\/p>\n

Its service sector, which includes IT support, consultancies, and transport and logistics companies, also grew.<\/p>\n","protected":false},"excerpt":{"rendered":"China’s economic growth slowed in the three months to the end of September as trade tensions with the…\n","protected":false},"author":2,"featured_media":237913,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-237912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/237912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=237912"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/237912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/237913"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=237912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=237912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=237912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}