China’s economy grew 4.8 per cent in the third quarter from a year earlier, in line with analysts’ expectations and maintaining pressure for fresh stimulus as a trade war with the US saps confidence.
The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2 per cent pace of growth in the previous quarter, the government said in a report Monday.
Analysts polled by Reuters had forecast July-September gross domestic product (GDP) would expand 4.8 per cent from a year earlier, slowing from the second-quarter’s 5.2 per cent pace.
China is aiming for full-year growth of around five per cent.
On a quarterly basis, GDP grew 1.1 per cent in the third quarter, the National Bureau of Statistics data showed, compared with a forecast 0.8 per cent increase and a revised 1.0 per cent gain in the previous quarter.
The world’s second-largest economy has steadily lost momentum following a strong start to the year, weighed down by a prolonged property slump, weak consumption and trade tensions.
with AP
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