{"id":317655,"date":"2025-10-20T04:06:15","date_gmt":"2025-10-20T04:06:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/317655\/"},"modified":"2025-10-20T04:06:15","modified_gmt":"2025-10-20T04:06:15","slug":"china-reports-its-gdp-grew-4-8-year-on-year-in-the-last-quarter","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/317655\/","title":{"rendered":"China reports its GDP grew 4.8% year-on-year in the last quarter"},"content":{"rendered":"

HONG KONG (AP) \u2014 China\u2019s economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. <\/p>\n

The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2% pace of growth in the previous quarter, the government said in a report Monday. <\/p>\n

In January-September, the world\u2019s second largest economy grew at a 5.2% annual pace. Despite U.S. President Donald Trump\u2019s higher tariffs on imports from China, the country\u2019s exports have remained relatively strong as companies shifted their sales to other world markets. <\/p>\n

Tensions between Beijing and Washington remain elevated, and it\u2019s unclear if Trump and Chinese leader Xi Jinping will go ahead with a proposed meeting during a regional summit at the end of this month.<\/p>\n

Xi and other ruling Communist Party members are convening one of China\u2019s most important political meetings<\/a> for the year on Monday, where they will map out economic and social policy goals for the country for the next five years.<\/p>\n

The economy slowed in the last quarter as the authorities moved to curb fierce price wars in sectors such as the auto industry that resulted from overcapacity. <\/p>\n

China is also facing challenges including a prolonged property sector downturn which has been affecting consumption and demand. <\/p>\n

Ratings agency S&P estimates nationwide new home sales will fall by 8% in 2025 from the year before and by 6% to 7% in 2026.<\/p>\n

The World Bank expects China\u2019s economy to grow at a 4.8% annual rate this year. The government\u2019s official growth target is around 5%. <\/p>\n

China\u2019s stronger economic growth in the first half of this year has given it \u201csome buffer\u201d to achieve the growth target, said Lynn Song, chief economist for Greater China at ING Bank.<\/p>\n

However, spending during China\u2019s eight-day Golden Week national holiday in October was \u201cmildly disappointing,\u201d reflecting sluggish consumer confidence and demand, Morningstar analysts said in a note this month.<\/p>\n

There\u2019s room for the government to do more, Song said. <\/p>\n

\u201c(We) are looking to see if there will be further measures to support consumption and the property market, as the impact from previous policies begins to weaken,\u201d Song said.<\/p>\n

Economists are also expecting a rate cut by China\u2019s central bank by the end of the year, which could encourage more spending and investment.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG (AP) \u2014 China\u2019s economy expanded at the slowest annual pace in a year in July- September,…\n","protected":false},"author":3,"featured_media":317656,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[13214,64,74,69,12042,79,57,86,59,13790,10987,80,16618,67,132,68,107,11762],"class_list":{"0":"post-317655","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asia-pacific","9":"tag-business","10":"tag-china","11":"tag-donald-trump","12":"tag-economic-policy","13":"tag-economy","14":"tag-general-news","15":"tag-government-policy","16":"tag-inc","17":"tag-international-trade","18":"tag-morningstar","19":"tag-politics","20":"tag-tariffs-and-global-trade","21":"tag-united-states","22":"tag-unitedstates","23":"tag-us","24":"tag-world-news","25":"tag-xi-jinping"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115404524017153656","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/317655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=317655"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/317655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/317656"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=317655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=317655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=317655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}