The Chinese economy advanced 3.9% yoy in Q3 of 2022, exceeding market consensus of 3.4% and picking up from a 0.4% growth in Q2, boosted by various measures from Beijing to revive activity. The latest figure was released just a day after President Xi Jinping secured a historic third term, and as the statistics agency warned that the recovery was still not solid due to domestic and global headwinds. September data showed a mixed recovery in China, with retail sales rising the least in 4 months, export growth at a 5-month low, and the jobless rate hitting its highest since June. Meantime, industrial output rose the most in 7 months, due to faster rises in output of both manufacturing and mining. For the first nine months of the year, China's GDP grew by 3%, with Beijing no longer mentioning about the target of 5.5% for 2022 but pledged easier lending and other measures to boost growth. The GDP data was originally scheduled for October,18th but was delayed until the Party Congress ended. source: National Bureau of Statistics of China

GDP Annual Growth Rate in China averaged 9.05 percent from 1989 until 2022, reaching an all time high of 18.30 percent in the first quarter of 2021 and a record low of -6.80 percent in the first quarter of 2020. This page provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

GDP Annual Growth Rate in China is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China GDP Annual Growth Rate is projected to trend around 4.70 percent in 2023 and 4.40 percent in 2024, according to our econometric models.

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China GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-15 02:00 AM Q2 0.4% 4.8% 1% 1.1%
2022-10-24 01:45 AM Q3 3.9% 0.4% 3.4% 3.3%


Related Last Previous Unit Reference
GDP Growth Rate 3.90 -2.70 percent Sep 2022
GDP Annual Growth Rate 3.90 0.40 percent Sep 2022
Gross National Product 1133518.00 1009151.00 CNY HML Dec 2021
Gross Fixed Capital Formation 478901.20 435682.60 CNY HML Dec 2021
Full Year GDP Growth 8.10 2.20 percent Dec 2021
GDP from Manufacturing 293474.60 193885.00 CNY HML Sep 2022
GDP from Construction 58024.70 35575.00 CNY HML Sep 2022
GDP from Agriculture 54779.10 29137.00 CNY HML Sep 2022
GDP Constant Prices 813829.50 525197.30 CNY HML Sep 2022
GDP from Transport 35700.50 22543.00 CNY HML Sep 2022
GDP from Services 465300.40 304868.00 CNY HML Sep 2022
Economic Activity Index 50.80 51.70 points Oct 2021
GDP from Mining 23696.00 22592.00 CNY HML Dec 2019

China GDP Annual Growth Rate
In China, Gross Domestic Product is divided by three sectors: Primary, Secondary and Tertiary. The Primary Industry includes Farming, Forestry, Animal Husbandry, and Fishery and accounts for around 9 percent of GDP. The Secondary sector, which includes Industry (40 percent of GDP) and Construction (9 percent of GDP) is the most important. The Tertiary sector accounts for the remaining 44 percent of total output and consist of Wholesale and Retail Trades; Transport, Storage, and Post; Financial Intermediation; Real Estate; Hotel and Catering Services and Others.
Actual Previous Highest Lowest Dates Unit Frequency
3.90 0.40 18.30 -6.80 1989 - 2022 percent Quarterly

News Stream
China Q3 GDP Growth Beats Estimates
The Chinese economy advanced 3.9% yoy in Q3 of 2022, exceeding market consensus of 3.4% and picking up from a 0.4% growth in Q2, boosted by various measures from Beijing to revive activity. The latest figure was released just a day after President Xi Jinping secured a historic third term, and as the statistics agency warned that the recovery was still not solid due to domestic and global headwinds. September data showed a mixed recovery in China, with retail sales rising the least in 4 months, export growth at a 5-month low, and the jobless rate hitting its highest since June. Meantime, industrial output rose the most in 7 months, due to faster rises in output of both manufacturing and mining. For the first nine months of the year, China's GDP grew by 3%, with Beijing no longer mentioning about the target of 5.5% for 2022 but pledged easier lending and other measures to boost growth. The GDP data was originally scheduled for October,18th but was delayed until the Party Congress ended.
2022-10-24
China Q2 GDP Growth Rate Below Forecasts
The Chinese economy advanced 0.4% yoy in Q2 of 2022, missing market consensus of 1.0% and slowing sharply from a 4.8% growth in Q1. The latest figure was the softest pace of expansion since a contraction in Q1 2020, when the initial coronavirus outbreak emerged in Wuhan. China's statistics agency described the result for Q1 as “hard-earned achievements” and warned about the lingering impact of outbreaks and “shrinking demand” at home. It also noted the rising “risk of stagflation in the world economy” and tightening monetary policy overseas. For the first half of the year, the economy grew 2.5%. Beijing has targeted the country's GDP to grow around 5.5% this year, after a 8.1% expansion in 2021 which was the steepest pace in nearly a decade, and following a 2.2% growth in 2020. Meantime, activity data for June showed some improvement, as the Chinese government has rolled out a raft of measures, cutting taxes for businesses and channeling more money into infrastructure projects.
2022-07-15
China Q1 GDP Growth Beats Estimates
The Chinese economy expanded 4.8% yoy in Q1 of 2022, above market consensus of 4.4% and faster than a 4.0% growth in the previous period. However, the risk of a sharp slowdown in the coming months heightened, amid widespread COVID-19 lockdowns, a prolonged downturn in the property sector and uncertainty from the war in Ukraine. Meantime, separate data on March activity showed retail sales fell 3.5% yoy, down for the 1st time since July 2020, and worse than market expectations. Analysts say that April data will likely weaken further, dragging down by strict restrictions in the financial hub of Shanghai. In addition, the job market is already showing signs of stress, with China's nationwide survey-based jobless rate at 5.8%, the highest since May 2020, and up from 5.5% in February. For 2022, Beijing has targeted the economy to grow around 5.5% as headwinds gather, slowing from a 8.1% expansion last year, which was the steepest pace in nearly a decade, and after a 2.2% growth in 2020.
2022-04-18