China, Growth
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China has reported that its economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand
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China's economy is struggling, but its homegrown companies are dominating abroad, Goldman Sachs says
As more profits flow from overseas subsidiaries, a measure of total income earned by a country's citizens and companies worldwide. China's gross national product, or GNP, may eventually outpace its GDP, much like Japan after its asset bubble burst in the 1990s, according to Goldman.
China has reported that its economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand.
A further increase in China’s trade surplus failed to fully offset the effects of a worsening housing market, which has left consumers wary.
Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
"Perhaps of greatest concern for China is the software used in advanced manufacturing – Western companies control over 70% of the Chinese market for chip design software, for example."
China's economy delivered a mixed performance in the third quarter of 2025. On an annual basis, GDP growth eased to 4.8% from 5.2% in Q2, marking the slowest year-on-year pace since the third quarter of 2024.
Taiwan’s National Security Council head Joseph Wu said on Tuesday that China is more focused on expansionism than addressing its own economic and social difficulties, as he reaffirmed the island’s determination to defend itself from any Chinese aggression.
China’s economy probably grew at the slowest in a year during the third quarter despite a boom in exports, in a disconnect the Communist Party may move to rectify at a key meeting in the coming week.
China's economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024,
Fixed-asset investment, which includes real estate, unexpectedly contracted 0.5% in the first nine months of the year as investment into infrastructure and manufacturing slowed.
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