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Growth across China’s economy has slowed to its lowest level in a year, as the trade war with the US has dampened activity.
China’s GDP expanded by 4.8% year-on-year in the July-September quarter, new data from the National Bureau of Statistics (NBS) shows shows, broadly matching expectations. That’s a slowdown from the second quarter of the year, when GDP rose by 5.2%, and also weaker than the 5.4% growth recorded in January-March.
The annual slowdown casts something of a shadow over China’s latest four-day “fourth plenum” meeting which starts today, where Communist party leaders are gathering to hammer out the country’s next five-year plan.
