China’s Economic Growth Moderates to 4.8% Amid Trade Pressures and Domestic Challenges
China’s economy expanded at a 4.8% annual rate in Q3, the slowest pace in a year, as trade tensions and domestic demand issues weigh on growth. Despite export diversification and strong electric vehicle sales, property sector declines and consumer spending remain concerns.
Economic Growth Moderates in Third Quarter
China’s economy grew at an annual rate of 4.8% in the third quarter, representing the slowest pace of expansion in a year, according to government reports released Monday. The Chinese economy showed clear signs of cooling from the previous quarter’s 5.2% growth rate, with analysts suggesting trade tensions and domestic demand weaknesses as primary contributing factors.
