China’s Economic Growth Slows Amid US Trade Tensions

China’s economic growth decelerated in the three months leading up to the end of September, influenced by ongoing issues in the property market and escalating trade tensions with the US. The real estate sector, which constitutes about a third of the Chinese economy, has been a crucial revenue source for local governments. Despite government support measures, home prices have fallen in nearly all major cities, as noted by Laura Wu, an economics lecturer at NTU. Prof Wu highlighted that, in the long term, housing remains a significant impediment to China’s economic growth, compounded by uncertainties from US tariffs and other trade barriers.

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