Markets Actual Q2 Q3 Q4 Q1 2020
Currency 6.95 6.77 6.8 6.83 6.86 6.91
Stock Market (points) 2882.30 3024 2970 2917 2865 2764
Government Bond 10Y (%) 3.28 3.45 3.48 3.52 3.55 3.62
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.40 1.4 1.3 1.3 1.2 1.1
GDP Annual Growth Rate (%) 6.40 6.3 6.2 6.1 6 5.8
Unemployment Rate (%) 3.67 3.9 4 4 4 4
Inflation Rate (%) 2.50 1.8 1.9 1.9 2 2
Inflation Rate Mom (%) 0.10 0.2 0.2 0.3 0.1 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 12.5 12 12
Balance of Trade (USD HML) 138.39 370 470 550 150 130
Current Account (USD HML) 586.00 72.22 118 121 250 80.28
Current Account to GDP (%) 0.40 -0.2 -0.2 -0.2 -0.4 -0.4
Government Debt to GDP (%) 47.60 48.7 48.7 48.7 49.2 49.2
Government Budget (% of GDP) -4.20 -3.8 -3.8 -3.8 -3.7 -3.7
Business Confidence (Index Points) 50.10 50 51 50.9 49.7 50.5
Manufacturing PMI 50.20 49.6 50.7 50.3 49.8 50.1
Non Manufacturing PMI (%) 54.30 52.6 52.4 52 51 52
Services PMI (Index Points) 54.50 53.6 52.4 52.9 52.8 52
Consumer Confidence (Index Points) 124.10 121 120 118 116 115
Retail Sales MoM (%) 0.47 0.4 0.2 0.4 0.5 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.40 1.4 1.3 1.3 1.2 1.1
GDP Annual Growth Rate (%) 6.40 6.3 6.2 6.1 6 5.8
GDP (USD Billion) 12237.70 13200 13200 13200 13900 13900
Gross National Product (CNY HML) 896915.00 850810 850398 875143 874318 925901
Gross Fixed Capital Formation (CNY HML) 346440.80 357354 357180 367574 367227 388893
GDP per capita (USD) 7329.09 7950 7950 7950 8330 8330
GDP per capita PPP (USD) 15308.71 16800 16800 16800 18450 18450
GDP From Agriculture (CNY HML) 8769.00 22783 43480 68683 68618 72666
GDP From Construction (CNY HML) 10528.60 25962 42879 65578 65516 69382
GDP From Manufacturing (CNY HML) 72039.80 149213 229052 323775 323470 342554
GDP From Services (CNY HML) 122317.00 234744 356492 498219 497750 527116
GDP From Transport (CNY HML) 9552.80 19642 30472 43024 42983 45519
GDP Constant Prices (CNY HML) 213433.00 432158 671077 955228 954328 1010631
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 3.67 3.9 4 4 4 4
Employed Persons (Tens of Thousands ) 77586.00 77740 77740 77740 77820 77820
Unemployed Persons (Tens of Thousands ) 968.00 968 969 969 968 969
Wages (CNY/Year) 74318.00 84100 84100 84100 88300 88300
Wages in Manufacturing (CNY/Year) 64452.00 74500 74500 74500 79500 79500
Minimum Wages (CNY/Month) 2480.00 2480 2480 2480 2480 2550
Population (Million) 1395.38 1407 1407 1407 1412 1412
Retirement Age Women 50.00 50 50 50 50 50
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.50 1.8 1.9 1.9 2 2
Inflation Rate Mom (%) 0.10 0.2 0.2 0.3 0.1 0.2
Consumer Price Index CPI (Index Points) 102.50 104 104 104 104 106
Core Consumer Prices (Index Points) 101.70 104 104 104 104 106
Producer Prices (Index Points) 100.90 105 105 103 102 104
Producer Prices Change (%) 0.90 0.5 1.1 1.6 2.1 1.9
Food Inflation (%) 6.10 2.1 2.3 2 1.9 1.9
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 4.35 4.35 4.35 4.35 4.35 4.35
Cash Reserve Ratio (%) 13.50 12.75 12.75 12.5 12 12
Interbank Rate (%) 3.00 2.8 2.8 2.8 2.8 2.8
Banks Balance Sheet (CNY Billion) 1020.00 1700 1500 1200 1900 1300
Loans to Private Sector (CNY HML) 13600.00 2000 1500 1200 1900 1500
Deposit Interest Rate (%) 0.35 0.35 0.35 0.35 0.35 0.35
Loan Growth (%) 13.50 12.8 13 12.9 13.2 12.4
Reverse Repo Rate (%) 2.55 2.55 2.55 2.55 2.55 2.55
Fixed Asset Investment (%) 6.10 5.9 5.6 5.6 5.5 5.7
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD HML) 138.39 370 470 550 150 130
Current Account (USD HML) 586.00 72.22 118 121 250 80.28
Current Account to GDP (%) 0.40 -0.2 -0.2 -0.2 -0.4 -0.4
Imports (USD HML) 1796.51 1470 1510 1500 1600 2000
Exports (USD HML) 1934.90 1840 1980 2050 1750 2130
External Debt (USD HML) 19652.14 18500 16581 18500 19000 19000
Terms of Trade (Index Points) 100.20 94.81 94.7 94.8 94.8 94.8
Foreign Direct Investment (USD HML) 451.40 670 950 1400 400 1500
Tourist Arrivals (Tens of Thousands ) 3054.00 3100 3100 3100 3150 3150
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 47.60 48.7 48.7 48.7 49.2 49.2
Government Budget (% of GDP) -4.20 -3.8 -3.8 -3.8 -3.7 -3.7
Government Budget Value (CNY Billion) -347.50 -60 -537 -530 -530 -496
Government Spending (CNY HML) 220906.00 209735 209633 234381 234160 247975
Government Revenues (CNY HML) 14552.00 18600 15021 12200 12200 13000
Fiscal Expenditure (CNY HML) 25315.00 28800 18378 25300 25300 26800
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 50.10 50 51 50.9 49.7 50.5
Manufacturing PMI 50.20 49.6 50.7 50.3 49.8 50.1
Non Manufacturing PMI (%) 54.30 52.6 52.4 52 51 52
Services PMI (Index Points) 54.50 53.6 52.4 52.9 52.8 52
Industrial Production (%) 5.40 5.8 5.9 5.4 5.7 5.2
Industrial Production Mom (%) 0.37 0.1 0.2 0.5 0.5 0.3
Manufacturing Production (%) 5.30 6.2 5.9 5.8 5.6 5.5
Mining Production (%) 2.90 3.4 2.9 2.7 0.4 1.2
Composite Pmi 52.70 51.7 52.5 51 50 51.4
Corporate Profits (CNY Million) 1297200.00 3800000 8200000 8200000 8200000 8250000
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 124.10 121 120 118 116 115
Retail Sales MoM (%) 0.47 0.4 0.2 0.4 0.5 0.5
Retail Sales YoY (%) 7.20 8 7.7 8 8 7.5
Consumer Spending (CNY HML) 317509.70 327511 327353 336878 336560 356417
Bank Lending Rate (%) 4.35 4.35 4.35 4.35 4.35 4.35
Gasoline Prices (USD/Liter) 0.77 0.72 0.7 0.68 0.67 0.67
Households Debt To GDP (% of GDP) 51.50 51 51 53 53 55
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (%) 10.70 11.8 8.7 8 8 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.