China’s Q3 2025 GDP growth slows to 4.8% amid weak exports and consumption

China’s economy expanded 4.8% year-on-year in Q3 2025, its slowest pace in a year, as exports and domestic demand softened. Industrial output grew 3.1% while retail sales rose just 2.4%. Analysts attribute the slowdown to waning global demand, real-estate stress, and tight credit conditions. Beijing is expected to introduce targeted stimulus measures to support infrastructure and household spending before year-end. Economists forecast FY25 GDP growth to settle around 5%, down from 5.2% in H1.