China's Economy Slows to Weakest Pace in a Year Amidst Trade Tensions and Property Downturn
China's economy grew at 4.8% in July-September, its slowest annual pace in a year, impacted by US trade tensions and a significant property sector downturn affecting demand.
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Overview
- China's economy experienced a significant slowdown, growing at an annual pace of 4.8% in the July-September period, marking its weakest performance in a year.
- This growth rate is a decrease from 5.2% in the previous three months and falls short of the government's official target of around 5% for the year.
- Trade tensions with the United States, including tariffs, have been identified as a primary factor contributing to the slack demand and overall economic deceleration.
- A prolonged downturn in the property sector is also significantly impacting consumption and demand, with real estate investment falling 13.9% up to September.
- Despite the overall slowdown, China's industrial output showed a positive trend, rising by 6.5% year-on-year last month, its fastest pace since June.
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Analysis
Center-leaning sources cover China's economic slowdown neutrally. They present a balanced view by detailing both challenges like trade tensions and a property downturn, alongside areas of resilience such as strong global exports and rising industrial output. The reporting incorporates diverse expert analyses and official statements, using objective language to describe complex economic trends without overt editorial bias.
"China's economic growth slowed in the three months to the end of September as problems in the property market persisted and trade tensions with the US flared up."
BBC News"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."
ABC News"China’s 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."
Associated PressArticles (3)
FAQ
China's economic slowdown is primarily attributed to weak domestic demand and escalating trade tensions with the United States, including tariffs, alongside a significant downturn in the property sector.
History
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