The July-Sept data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2 per cent pace of growth in the previous quarter, the govt said in a report on Monday (Oct 20). Representational image
China’s GDP growth slows to 4.8 pc in Q3, weakest in a year
Trade tensions with the US and slack domestic demand weigh on the world's second largest economy; growth falls from 5.2 per cent in the previous quarter
Hong Kong, Oct 20 (AP) China's economy expanded at the slowest annual pace in a year in July- September, growing 4.8 per cent, weighed down by trade tensions with the United States and slack domestic demand.
The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2 per cent pace of growth in the previous quarter, the government said in a report Monday.
In January-September, the world's second largest economy grew at a 5.2 per cent annual pace. Despite US President Donald Trump's higher tariffs on imports from China, the country's exports have remained relatively strong as companies shifted their sales to other world markets. (AP)
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