Markets Actual Q3 Q4 Q1 Q2 2020
Currency 6.88 6.85 6.88 6.91 6.93 6.99
Stock Market (points) 2924.20 2924 2870 2817 2766 2665
Government Bond 10Y (%) 3.18 3.28 3.31 3.34 3.37 3.43
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.60 1.5 1.4 1.4 1.3 1.2
GDP Annual Growth Rate (%) 6.20 6.2 6.1 6 5.9 5.8
Unemployment Rate (%) 3.67 3.8 3.8 3.7 3.8 4
Inflation Rate (%) 2.70 1.9 1.9 2 2 2
Inflation Rate Mom (%) -0.10 0.2 0.3 0.1 0.3 0.2
Interest Rate (%) 4.35 4.35 4.35 4.35 4.35 4.35
Cash Reserve Ratio (%) 13.50 12.75 12.75 12 12 12
Balance of Trade (USD HML) 509.76 470 550 150 150 130
Current Account (USD HML) 490.00 72.22 118 250 520 80.28
Current Account to GDP (%) 0.40 -0.2 -0.2 -0.4 -0.4 -0.4
Government Debt to GDP (%) 50.50 51.9 51.9 52.5 52.5 52.5
Government Budget (% of GDP) -4.20 -3.8 -3.8 -3.7 -3.7 -3.7
Business Confidence (Index Points) 49.40 51 50.9 49.7 50.5 50.5
Manufacturing PMI 49.40 50.7 50.3 49.8 50.2 50.1
Non Manufacturing PMI (%) 54.20 52.4 52 51 52.5 52
Services PMI (Index Points) 52.00 52.4 52.9 52.8 53 52
Consumer Confidence (Index Points) 123.40 120 118 116 120 115
Retail Sales MoM (%) 0.96 0.2 0.4 0.5 0.6 0.5
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.60 1.5 1.4 1.4 1.3 1.2
GDP Annual Growth Rate (%) 6.20 6.2 6.1 6 5.9 5.8
GDP (USD Billion) 13608.15 14200 14200 14900 14900 14900
Gross National Product (CNY HML) 896915.60 870946 951627 950731 949834 1006822
Gross Fixed Capital Formation (CNY HML) 380771.80 371030 403999 403618 403237 427431
GDP per capita (USD) 7755.00 8250 8250 8730 8730 8730
GDP per capita PPP (USD) 16186.80 16800 16800 18450 18450 18450
GDP From Agriculture (CNY HML) 23207.00 42267 68683 9296 24576 72666
GDP From Construction (CNY HML) 27465.60 43871 65578 11160 11150 69382
GDP From Manufacturing (CNY HML) 152993.70 235939 323775 76362 76290 342554
GDP From Services (CNY HML) 247743.00 366484 498219 129656 262360 527115
GDP From Transport (CNY HML) 20494.80 31388 43024 10126 10116 45519
GDP Constant Prices (CNY HML) 450933.00 686807 955228 226239 477538 1010632
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.67 3.8 3.8 3.7 3.8 4
Employed Persons (Tens of Thousands ) 77586.00 77740 77740 77820 77820 77820
Unemployed Persons (Tens of Thousands ) 974.00 974 976 968 960 969
Wages (CNY/Year) 82461.00 86100 86100 89300 89300 89300
Wages in Manufacturing (CNY/Year) 72088.00 76500 76500 80500 80500 80500
Minimum Wages (CNY/Month) 2480.00 2480 2480 2480 2550 2550
Population (Million) 1395.38 1407 1407 1412 1412 1412
Retirement Age Women 50.00 50 50 50 50 50
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 2.70 1.9 1.9 2 2 2
Inflation Rate Mom (%) -0.10 0.2 0.3 0.1 0.3 0.2
Consumer Price Index CPI (Index Points) 102.70 104 104 104 105 106
Core Consumer Prices (Index Points) 101.60 104 104 104 104 106
Producer Prices (Index Points) 100.00 105 103 102 103 104
Producer Prices Change (%) 0.00 1.1 1.6 2.1 1.8 1.9
Food Inflation (%) 8.30 5.3 2 1.9 1.8 1.9
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 4.35 4.35 4.35 4.35 4.35 4.35
Cash Reserve Ratio (%) 13.50 12.75 12.75 12 12 12
Interbank Rate (%) 3.27 3.32 3.32 3.32 3.32 3.32
Banks Balance Sheet (CNY Billion) 1660.00 1500 1200 1900 1800 1300
Loans to Private Sector (CNY HML) 22600.00 23036 16868 30309 23933 17846
Deposit Interest Rate (%) 0.35 0.35 0.35 0.35 0.35 0.35
Loan Growth (%) 13.00 13 12.9 13.2 13 12.4
Reverse Repo Rate (%) 2.55 2.5 2.5 2.5 2.45 2.4
Fixed Asset Investment (%) 5.80 5.6 5.6 5.5 5.3 5.7
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD HML) 509.76 470 550 150 150 130
Current Account (USD HML) 490.00 72.22 118 250 520 80.28
Current Account to GDP (%) 0.40 -0.2 -0.2 -0.4 -0.4 -0.4
Imports (USD HML) 1618.60 1810 1500 1600 1550 1940
Exports (USD HML) 2128.36 2150 2150 1750 2250 2330
External Debt (USD HML) 19652.14 18167 20851 20831 20812 22060
Terms of Trade (Index Points) 95.83 94.7 94.8 94.8 100 94.8
Foreign Direct Investment (USD HML) 697.00 1000 1400 400 720 1500
Tourist Arrivals (Tens of Thousands ) 3054.00 3100 3100 3150 3150 3150
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 50.50 51.9 51.9 52.5 52.5 52.5
Government Budget (% of GDP) -4.20 -3.8 -3.8 -3.7 -3.7 -3.7
Government Budget Value (CNY Billion) -48.70 -60 -530 -530 -500 -496
Government Spending (CNY HML) 220906.00 215677 234381 234160 233939 247975
Government Revenues (CNY HML) 17927.00 13021 11200 15200 19200 13000
Fiscal Expenditure (CNY HML) 30515.00 23500 31000 26500 30000 26800
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 13.00 13 13 13 13 13
Social Security Rate (%) 48.00 48 48 48 48 48
Social Security Rate For Companies (%) 37.00 37 37 37 37 37
Social Security Rate For Employees (%) 11.00 11 11 11 11 11
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 49.40 51 50.9 49.7 50.5 50.5
Manufacturing PMI 49.40 50.7 50.3 49.8 50.2 50.1
Non Manufacturing PMI (%) 54.20 52.4 52 51 52.5 52
Services PMI (Index Points) 52.00 52.4 52.9 52.8 53 52
Industrial Production (%) 6.30 5.9 5.4 5.7 5.2 5.2
Industrial Production Mom (%) 0.68 0.2 0.5 0.5 0.3 0.3
Manufacturing Production (%) 6.20 5.9 5.8 5.6 5 5.5
Mining Production (%) 7.30 2.9 2.7 0.4 1.2 1.2
Composite Pmi 50.60 52.5 51 50 50 51.4
Corporate Profits (CNY Million) 2379020.00 4800000 6400000 1200000 3300000 6750000
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 123.40 120 118 116 120 115
Retail Sales MoM (%) 0.96 0.2 0.4 0.5 0.6 0.5
Retail Sales YoY (%) 9.80 7.7 8 8 7.8 7.5
Consumer Spending (CNY HML) 348209.60 337677 369450 369102 368754 390879
Bank Lending Rate (%) 4.35 4.35 4.35 4.35 4.35 4.35
Gasoline Prices (USD/Liter) 0.67 0.69 0.67 0.65 0.63 0.63
Households Debt To GDP (% of GDP) 52.60 51 53 53 54 55
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (%) 10.30 8.7 8 8 7 6


This page has economic forecasts for China including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the China economy.