China’s powerhouse economy has clocked up its slowest growth for a year amid a property crisis at home and trade tensions with the US.
Official figures showed output rose at an annual rate of 4.8 per cent in the third quarter of the year, down from 5.2 per cent in the previous three months.
That was below the 5 per cent targeted by Beijing and on a par with the 4.8 per cent growth the International Monetary Fund pencilled in for China for all of 2025 last week.
Pantheon Macroeconomics said: ‘We expect China to continue facing headwinds in the fourth quarter.
‘The key downside risk remains the property sector.’
Slowdown: Official figures showed Chinese output rose at an annual rate of 4.8% in the third quarter of the year, down from 5.2% in the previous three months
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China sees slowest growth for a year amid property crisis and trade tensions with the US