China’s economic growth slowed in the three months to the end of September as problems in the property market persisted and trade tensions with the US flared up.
The world’s second-largest economy grew by 4.8% compared to the same period in 2023, its weakest pace in a year, official figures released on Monday show.
The data comes after China imposed sweeping controls on its exports of rare earths – minerals essential for the global production of electronics – a move that rocked its fragile trade truce with the US.
The third-quarter growth figures will set the tone for a gathering of China’s top leaders this week to discuss the country’s economic blueprint over the next five years.
