China’s Economic Growth Moderates Amid Trade Tensions and Property Sector Challenges
China’s economic expansion has moderated to its slowest rate in four quarters, with GDP growth reaching 4.8% year-on-year. The cooling momentum comes amid ongoing trade tensions and a prolonged property sector adjustment, adding complexity to policymakers’ efforts to rebalance the economy toward domestic consumption.
Economic Growth Moderates in Third Quarter
China’s economic expansion reportedly slowed to its most moderate pace in a year during the third quarter, with the gross domestic product growing 4.8% year-on-year according to official data. This represents a deceleration from the 5.2% growth recorded in the previous quarter, sources indicate, as the world’s second-largest economy navigates multiple headwinds including trade tensions and property market adjustments.
