China’s economy grew by just 3.5% in the third quarter of 2025 the weakest pace in over two years according to data released by the National Bureau of Statistics today. The slowdown underscores lingering headwinds from a property-market slump, sluggish consumer spending, and softer global demand.
Falling home sales and a continued drag on factory output weighed heavily on GDP. Retail sales rose a modest 2.1% year-on-year, well below analyst forecasts, while industrial production edged up just 3.8%. Exports also cooled, as Europe and North America grapple with their own growth challenges.
Economists warn that prolonged weakness could force Beijing to roll out further fiscal stimulus or interest-rate cuts. “The recovery remains uneven. Policymakers must balance support for growth with financial stability,” said Li Wei of Peking University.
Global markets reacted swiftly: Shanghai equities fell 1.4%, while the yuan dipped to a three-month low against the dollar. Investors are now watching next week’s Politburo meeting for clues on Beijing’s policy response.
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