Hong Kong (CNN Business) China's growth dropped last quarter to its lowest level in nearly three decades, as the world's second largest economy continues to feel the pain from the trade war with the United States.

forecast of 6.1% projected by analysts polled by Refinitiv. China's gross domestic product grew by 6% in the three months to September 30, the weakest quarterly growth rate since 1992 and down from 6.2% in the April-June period, according to government statistics released on Friday. It also missed the averageforecast of 6.1% projected by analysts polled by Refinitiv.

"Trade tension with the US is the key factor weighing on business sentiment and investment activities, although domestic stimulus policies are providing some buffer from the down side," said Chaoping Zhu, global market strategist for JP Morgan Asset Management.

The worse-than expected figures emerged just one week after the United States and China reached a tentative trade truce to avoid more damage to the world's two largest economies.

"Ongoing negotiations may have some positive impact on business sentiments, but despite the potential mini deal, most of the US tariffs on imports from China still remain, hurting Chinese exports," Zhu added.

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