The Chinese economy contracted by a seasonally adjusted 9.8 percent on quarter in the three months to March 2020, following a 1.5 percent growth in the previous quarter and compared with market estimates of a 9.9 percent decrease. This was the first quarterly contraction on record, as the coronavirus outbreak paralyzed production and activities.

GDP Growth Rate in China averaged 1.47 percent from 2010 until 2020, reaching an all time high of 2.60 percent in the first quarter of 2011 and a record low of -9.80 percent in the first quarter of 2020. This page provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: National Bureau of Statistics of China

GDP Growth Rate in China is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in China to stand at 1.20 in 12 months time. In the long-term, the China GDP Growth Rate is projected to trend around 1.30 percent in 2021, according to our econometric models.

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China GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-9.80 1.50 2.60 -9.80 2010 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-07-15 02:00 AM Q2 1.6% 1.4% 1.5% 1.4%
2019-10-18 02:00 AM Q3 1.5% 1.6% 1.5% 1.2%
2020-01-17 02:00 AM Q4 1.5% 1.4% 1.5% 1.4%
2020-04-17 02:00 AM Q1 -9.8% 1.5% -9.9% -9.6%
2020-07-16 02:00 AM Q2 -9.8% -2%
2020-10-19 02:00 AM Q3 0.6%

News Stream
China Economy Contracts 9.8% QoQ in Q1
The Chinese economy shrank 6.8 percent year-on-year in the first quarter of 2020, after a 6 percent growth in the last three months of 2019 and compared with market forecasts of a 6.5 percent decline. It is the first GDP contraction since records began in 1992, reflecting the severe damage caused by the COVID-19 outbreak after the authorities enforced a near two-month-long shutdown of all non-essential business activity. The industrial sector dropped 9.6 percent, services fell 5.2 percent and the primary sector went down 3.2 percent. Car production recorded the sharpest decline (-44.6 percent). However, China's long term growth potential will not be affected by the short term fallout of the coronavirus pandemic, as the country's economic fundamentals remain unchanged, the authorities said.
China Economy Expands 1.5% QoQ in Q4
The Chinese economy expanded by a seasonally adjusted 1.5 percent on quarter in the three months to December 2019, following a downwardly revised 1.4 percent growth in the previous quarter and matching market consensus.
China Economy Grows 1.5% QoQ in Q3
The Chinese economy expanded by a seasonally adjusted 1.5 percent on quarter in the three months to September 2019, following a 1.6 percent growth in the previous period and matching market consensus.
China Economy Expands 1.6% QoQ in Q2
The Chinese economy grew by a seasonally adjusted 1.6 percent on quarter in the three months to June 2019, accelerating from a 1.4 percent expansion in the previous period and beating market consensus of 1.5 percent. That was the fastest pace of expansion since the third quarter of 2018.

China GDP Growth Rate
In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter. As China’s traditional growth engines of manufacturing and construction are slowing down, services have emerged as the new driver. In the last few quarters strength in services and consumption helped to offset weaker manufacturing and exports. .