The Chinese economy grew by a seasonally adjusted 11.5 percent on quarter in the three months to June 2020, following a revised 10.0 percent contraction in the previous quarter and compared with market expectations of a 9.6 percent increase. This was the strongest pace of quarterly expansion on record, boosted by improving demand at home and abroad following the easing of COVID-19 lockdown restrictions.
GDP Growth Rate in China averaged 1.72 percent from 2010 until 2020, reaching an all time high of 11.50 percent in the second quarter of 2020 and a record low of -10 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 September of 2020. source: National Bureau of Statistics of China
GDP Growth Rate in China is expected to be 0.60 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 1.00 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.