China Q3 GDP 2025 Slows to 4.8% as Property Weakness Weighs on Growth

China Q3 GDP 2025 expanded 4.8% year on year, down from 5.2% in the previous quarter, as a prolonged property slump and subdued consumption offset stronger industrial output. January–September growth stood at 5.2%, close to Beijing’s about-5% target. Fixed-asset investment fell 0.5% in Q3 and consumer prices remained muted. Exports to the US declined 27% in September even as overall shipments rose 8.3%, reflecting trade tensions and supply-chain realignments. Residential property sales by value dropped 7.6% in the first nine months, while S&P Global Ratings expects new-home sales to fall 8% this year and 6–7% in 2026. Analysts warned that momentum from the AI boom may fade in 2026, posing risks to sustained growth.