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.