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● LIVE Updated 1h ago · 7 sources tracked

Trump said China was headed for ‘big trouble’—instead, its economy is growing faster than the U.S. and its deficits are moving in the right direction

China's economy is growing faster than the United States and exceeding growth expectations despite elevated tariffs and predictions of big trouble by President Trump. Goldman Sachs analyst Hui Shan reported that China's third-quarter real gross domestic product grew four point five percent year on year, beating the consensus expectation of four point four percent. Meanwhile, China's deficits are moving in the right direction and its export business with other countries continues to perform strongly, defying earlier trade pressure.

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  • ✓ China's third-quarter real gross domestic product grew four point five percent year on year, according to Goldman Sachs analyst Hui Shan.
  • ✓ China's economic growth continues to exceed expectations despite elevated tariffs between China and the United States.
🛡️ Source Corroboration: 7 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Goldman Sachs reported third-quarter real gross domestic product growth figures for China that slightly exceeded consensus expectations.

Live updates

  1. China Economy Outpaces U.S. Despite Tariffs

    China's economy is growing faster than the United States and exceeding growth expectations despite elevated tariffs and predictions of big trouble by President Trump. Goldman Sachs analyst Hui Shan reported that China's third-quarter real gross domestic product grew four point five percent year on year, beating the consensus expectation of four point four percent. Meanwhile, China's deficits are moving in the right direction and its export business with other countries continues to perform strongly, defying earlier trade pressure.

    Why it matters

    When President Trump introduced his tariff plan eighteen months ago, he intended for other nations to shoulder the economic cost. However, recent economic data shows Chinese growth outpacing American figures despite the trade friction. Observers debate the absolute reliability of these metrics, with some analysts noting that while official statistics can be manipulated, markets will ultimately test these figures.

    What is confirmed

    • China's third-quarter real gross domestic product grew four point five percent year on year, according to Goldman Sachs analyst Hui Shan.
    • China's economic growth continues to exceed expectations despite elevated tariffs between China and the United States.

    Still unconfirmed

    • China can manipulate its official economic statistics, though it cannot fool markets forever.

    What to watch next

    • Future quarterly gross domestic product releases from China
    • Further market reactions to official Chinese economic data
    • Developments in United States and China tariff policies
    Sources used for this update (7)
    1. Fortune — Trump said China was headed for ‘big trouble’—instead, its economy is growing faster than the U.S. and its deficits are moving in the right direction
    2. The Washington Post — Opinion | China can manipulate statistics. It can’t fool markets forever.
    3. News Decoder — Decoder: How economically powerful is China?
    4. finance.yahoo.com — Trump said China was headed for ‘big trouble.’ Yet its ...
    5. biztoc.com — Trump said China was headed for ‘big trouble’—instead, its ...
    6. www.kucoin.com — China's Economy Grows Faster Than U.S. Amid Tariffs, Deficits ...
    7. finance.yahoo.com — China's economy is outpacing the US despite Trump's tariffs ...
    confidence 90%
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