Impact of Higher Tariffs and Property Market on China’s Economic Growth

China’s economy faced a slowdown in its growth trajectory, hitting a 4.8% annual pace for July-September. This deceleration was primarily due to the impacts of trade tensions with the U.S. and weakened domestic demand. The quarter spanning July to September marked the slowest growth rate since Q3 of 2024. Comparatively, the economy had grown by 5.2% in the previous quarter, emphasizing a notable decline in the growth rate. While there was a decline in exports to the United States amid higher tariffs, China’s overall exports displayed strength rising by 8.3%. Notably, areas like electric vehicles witnessed a significant surge in…