Tag: China–United States trade war

China’s economic growth has decelerated to its slowest pace in a year, with GDP expanding 4.8% year-on-year in the third quarter. The slowdown comes as property prices decline further and retail sales weaken despite stronger industrial production.

Economic Growth Moderates Amid Trade Tensions

China’s economic expansion has reportedly slowed to its lowest level in twelve months, with the gross domestic product growing 4.8% year-on-year in the July-September quarter, according to the National Bureau of Statistics. This represents a moderation from the 5.2% growth recorded in the second quarter and falls below the 5.4% expansion seen in the first three months of the year. The cooling growth coincides with ongoing trade tensions between Beijing and Washington, which analysts suggest have dampened economic activity.