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China's economy cooled in the third quarter, expanding 4.8% year on year, its slowest pace in a year, after Beijing imposed sweeping controls on rare earth exports, jolting a fragile trade truce with the US. Growth eased from 5.2% in the previous quarter, even as the statistics bureau cited resilience from technology and business services. US President Donald Trump threatened 100% tariffs, while Treasury Secretary Scott Bessent plans talks in Malaysia to defuse tensions and arrange a Trump-Xi meeting. September exports rose 8.4%, industrial output climbed 6.5%, and services grew, as leaders prepare an economic blueprint for 2026-2030.

Prepared by Christopher Adams and reviewed by editorial team.