{"id":120090,"date":"2025-10-20T11:01:58","date_gmt":"2025-10-20T07:01:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120090"},"modified":"2025-10-20T11:02:55","modified_gmt":"2025-10-20T07:02:55","slug":"china-q3-2025-growth-beats-forecasts-but-slows-to-one-year-low-as-disinflation-trade-risks-bite","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/china-q3-2025-growth-beats-forecasts-but-slows-to-one-year-low-as-disinflation-trade-risks-bite\/10\/20\/market-updates\/","title":{"rendered":"China Q3 2025 growth beats forecasts but slows to one-year low as disinflation, trade risks bite"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p>China\u2019s economy expanded slightly faster than expected in the third quarter, even as momentum cooled to the weakest pace in a year amid persistent disinflation, softer domestic demand, and renewed U.S. trade tensions.<\/p>\n\n\n\n<p><strong>Headline growth.<\/strong> Official data showed gross domestic product (GDP) rose <strong>4.8% year-on-year<\/strong> in the three months to September 30, edging past consensus of 4.7% but down from <strong>5.2%<\/strong> in Q2. That marks the slowest annual pace since Q3 2024. On a sequential basis, GDP grew <strong>1.1% quarter-on-quarter<\/strong>, topping expectations of 0.8%.<\/p>\n\n\n\n<p><strong>On track for the target\u2014just.<\/strong> The Q3 print brings year-to-date growth to <strong>5.2%<\/strong>, a touch below 5.3% in the prior quarter but still slightly <strong>above Beijing\u2019s ~5%<\/strong> full-year objective.<\/p>\n\n\n\n<p><strong>What\u2019s driving\u2014and dragging\u2014growth.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Exports and manufacturing<\/strong> remained the principal engines, underscoring resilience in the industrial economy.<\/li>\n\n\n\n<li><strong>Household consumption<\/strong> and <strong>private fixed investment<\/strong> cooled further, diluting the impact of earlier policy support. Authorities have rolled out a series of fiscal and credit measures in recent quarters, but the growth impulse from these steps has faded lately.<\/li>\n\n\n\n<li>Headwinds persist from <strong>deflationary pressures<\/strong>, weak capex appetite, and a <strong>prolonged property downturn<\/strong>, all of which continue to weigh on confidence and spending.<\/li>\n<\/ul>\n\n\n\n<p><strong>External risks in focus.<\/strong> Trade uncertainty re-intensified after <strong>U.S. President Donald Trump<\/strong> signaled in early October potential <strong>100% tariffs<\/strong> on imports from China. While officials from both sides are expected to hold further talks, the rhetoric adds a fresh overhang for 2025\u201326 export and investment plans.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s economy expanded slightly faster than expected in the third quarter, even as momentum cooled to the weakest pace in a year amid persistent disinflation, softer domestic demand, and renewed U.S. trade tensions. Headline growth. Official data showed gross domestic product (GDP) rose 4.8% year-on-year in the three months to September 30, edging past consensus &hellip;<\/p>\n","protected":false},"author":9,"featured_media":88945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-120090","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120090"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120090\/revisions"}],"predecessor-version":[{"id":120092,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120090\/revisions\/120092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/88945"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}