China’s Economic Growth Faces Pressure Amid Trade Tensions and Policy Challenges

China’s economy experienced a slowdown in the third quarter, reaching the lowest growth rate in a year due to challenges such as a property crisis and trade tensions. Policymakers are now challenged with the task of shifting GDP drivers towards increased consumption over time. While some modest stimulus efforts were introduced this year and supported by strong exports and stock markets, the recent U.S.-China trade uncertainties present additional risks. The most recent data revealed that China’s GDP expanded by 4.8% from July to September, a decline from the second quarter’s 5.2% growth. Analysts’ predictions closely matched this figure, indicating overall…