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The Chinese economic growth slowed during the three months ending in September as commercial disputes with the US intensified.

The global number two economy grew by 4.8% compared to the equivalent timeframe in the previous year, representing its slowest rate in twelve months, according to official statistics released on Monday.

This economic data emerges following China's enforcement of comprehensive restrictions on its exports of strategic minerals - critical minerals for worldwide electronics manufacturing, a move that disrupted the fragile trade truce with the US.

The third quarter GDP expansion will establish the atmosphere for a meeting of China's top leaders this week to examine the country'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 five point two percent recorded in the three months ending in mid-year.

China's National Bureau of Statistics stated the economic system demonstrated "strong resilience and vitality" against international challenges, crediting growth in its technology sector and business services as key growth drivers.

The Chinese government has set a goal of "around 5%" economic growth this calendar year and has thus far avoided a sharp downturn, supported by government support measures.

Global Commercial Situations

American leader Donald Trump reacted swiftly to China's controls on rare earths by threatening additional double duties on goods from the Asian nation.

US Treasury Secretary Secretary Bessent indicated he expects to meet Chinese officials this week in Southeast Asia in an effort to ease tensions and arrange a summit between the US President and his Chinese equivalent President Xi.

Before the recent flare-up, Chinese businesses had taken advantage of the trade truce with the United States to ship goods to the American market, resulting in China's overseas shipments increasing by eight point four percent in September.

Sector Performance

The total value of imports to the country was also up, while China's manufacturing production grew by six point five percent last month from a year earlier.

Producers in 3D-printing, robotics and EVs were among its best-performing sectors, while the service sector, which encompasses technology services, consultancies, and transport and logistics, also experienced growth.

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