China said on Friday its economic growth slowed to 6.5 percent year-over-year in the third quarter of 2018, missing expectations.
China's producer price inflation cooled for the third straight month in September from 4.1 percent in August — an indication of slowing economic momentum amid escalating trade tensions with the U.S.
China recorded a record trade surplus of $34.13 billion with the U.S. in September amid intense trade tensions between the world's two largest economies.
The U.S.-China trade dispute is worrying because its hit to market confidence may be more significant than any real economic damage it inflicts, said Takehiko Nakao, president of the Asian Development Bank.
China is coming to terms with a lower rate of growth as the trade war with the U.S. takes its toll and as Beijing seeks to tamp down debt at home, a Barclays economist said Tuesday.
"I think there will be a resolution not unlike what happened in NAFTA. There was a back-and-forth, but ultimately a resolution occurred," said David Rubenstein, the co-founder and co-executive chairman of The Carlyle Group.
"This is nothing but speaking on hearsay evidence, confusing right and wrong and creating something out of thin air. The Chinese side is firmly opposed to it," Chinese foreign ministry spokeswoman Hua Chunying said in a statement on Friday.
Chinese markets are getting hit by the trade war because of their exposure to non-energy commodities, according to a study.
Beijing will likely take steps to mitigate the impact of the country's trade war with the U.S. as recent economic indicators from China point to a slowdown, an economist said on Monday.
China's stock markets have slumped in recent months, but investors have not witnessed the "real fundamental bottom" yet, an expert told CNBC on Monday.