China's Economic Balancing Act and Global Trade Dynamics

China's economic growth slowed to its weakest in a year, heavily reliant on exports amid trade tensions with the U.S. Despite meeting growth forecasts, domestic weaknesses linger, with Beijing showcasing resilience in upcoming international talks. Export diversification shows promise, but domestic consumption remains a critical policy challenge.

China's economic growth has decelerated to its slowest pace in a year, primarily due to fragile domestic demand and a heavy reliance on manufacturing and exports. This slowdown comes amid escalating trade tensions with Washington, raising concerns about the nation's structural economic imbalances.

Recent GDP figures reveal a growth rate of 4.8% in the third quarter, in line with forecasts, potentially leading to less immediate policy urgency. Nevertheless, weak domestic consumption and investment, alongside a worsening property market, demand serious attention from policymakers.

As Beijing prepares for high-level talks with U.S. officials, export data highlights China's strategic shift towards markets in the European Union, Southeast Asia, and Africa. However, the domestic market's sluggishness continues to challenge economic stability and growth sustainability.

(With inputs from agencies.)