China’s Economic Expansion Moderates Amid Trade Tensions and Property Sector Challenges
China’s economic growth moderated in the third quarter amid ongoing trade tensions and property market challenges. The latest data shows GDP expanded 4.8% year-on-year, down from previous quarter’s 5.2% growth.
Economic Growth Moderates in Latest Quarter
China’s economic expansion showed signs of moderation in the third quarter, with GDP growing 4.8% year-on-year between July and September, according to recent reports. This represents a slowdown from the second quarter’s 5.2% growth rate, sources indicate, as the world’s second-largest economy navigates ongoing trade tensions and persistent property sector challenges.