China’s Growth Slows To 4.8% As Exports Prop Up Fragile Economy

Benzinga

China’s Q3 GDP grew 4.8%, its slowest in a year, as weak consumer demand forced reliance on exports amid deepening U.S. trade tensions and a slumping property sector.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03China's economy expanded 4.8% in the third quarter, its slowest pace in a year,

00:08as weak domestic demand left it reliant on exports amid rising trade tensions with Washington.

00:14The pace keeps China on track for its 5% growth target but highlights deepening structural

00:19imbalances, according to Reuters. Beijing may use the headline figure to project strength ahead of

00:25Vice Premier He Le Feng's meeting with Treasury Secretary Scott Besant in Malaysia and a potential

00:30Trump-C meeting in South Korea. While industrial output grew 6.5% in September, retail sales slowed

00:37to 3%, and property investment fell 13.9% in the first three quarters. Analysts warned the export-led

00:45model is unsustainable without stronger consumer spending, noting that shipments to the U.S.

00:50dropped 27% year-on-year, while exports to Southeast Asia and Africa surged. Overall growth for January

00:57through September was 5.2%, and policymakers may accelerate infrastructure investment if momentum

01:03falters. For all things money, visit Benzinga.com.

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