China’s GDP grew 1.3% qoq in Q1 2026, matching market expectations and following a 1.2% increase in Q4. The latest result marked the strongest quarterly expansion since Q4 of 2024, supported by continued policy backing from Beijing. However, the statistics agency warned of an “acute” imbalance between “strong supply and weak demand,” adding that the external environment is becoming increasingly complex and volatile. The government has set a budget deficit target of around 4% of GDP for this year and plans sizable bond issuance to help sustain growth. Meanwhile, the central bank has signaled it will maintain an accommodative monetary stance, although the scope for aggressive rate cuts remains constrained by rising inflation. Economists currently expect a 20bp cut in banks’ reserve requirement ratio in Q3 to support liquidity. The Politburo is expected to convene later this month to review the economic outlook and policy direction. source: National Bureau of Statistics of China

The Gross Domestic Product (GDP) in China expanded 1.30 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in China averaged 1.56 percent from 2010 until 2026, reaching an all time high of 12.80 percent in the second quarter of 2020 and a record low of -10.50 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 April of 2026.

The Gross Domestic Product (GDP) in China expanded 1.30 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in China is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China GDP Growth Rate is projected to trend around 0.70 percent in 2027 and 0.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-19 02:00 AM
GDP Growth Rate QoQ
Q4 1.2% 1.1% 1% 1.2%
2026-04-16 02:00 AM
GDP Growth Rate QoQ
Q1 1.3% 1.2% 1.3% 1.4%
2026-07-15 02:00 AM
GDP Growth Rate QoQ
Q2 1.3% 1%


Related Last Previous Unit Reference
Full Year GDP Growth 5.00 5.00 percent Dec 2025
GDP Growth Rate YoY 5.00 4.50 percent Mar 2026
GDP Constant Prices 1345690.20 971245.70 CNY Hundred Million Dec 2025
GDP from Agriculture 93346.80 58187.10 CNY Hundred Million Dec 2025
GDP from Construction 86425.10 59950.20 CNY Hundred Million Dec 2025
GDP from Manufacturing 416826.00 305371.30 CNY Hundred Million Dec 2025
GDP from Services 808879.30 592931.10 CNY Hundred Million Dec 2025
GDP from Transport 62092.10 46116.10 CNY Hundred Million Dec 2025
GDP Growth Rate 1.30 1.20 percent Mar 2026
Gross Fixed Capital Formation 537875.60 523590.30 CNY Hundred Million Dec 2024
Gross National Income 1393700.00 1339672.00 CNY Hundred Million Dec 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.20 12.80 -10.50 2010 - 2026 percent Quarterly
SA

News Stream
China Economy Expands 1.3% QoQ in Q1
China’s GDP grew 1.3% qoq in Q1 2026, matching market expectations and following a 1.2% increase in Q4. The latest result marked the strongest quarterly expansion since Q4 of 2024, supported by continued policy backing from Beijing. However, the statistics agency warned of an “acute” imbalance between “strong supply and weak demand,” adding that the external environment is becoming increasingly complex and volatile. The government has set a budget deficit target of around 4% of GDP for this year and plans sizable bond issuance to help sustain growth. Meanwhile, the central bank has signaled it will maintain an accommodative monetary stance, although the scope for aggressive rate cuts remains constrained by rising inflation. Economists currently expect a 20bp cut in banks’ reserve requirement ratio in Q3 to support liquidity. The Politburo is expected to convene later this month to review the economic outlook and policy direction.
2026-04-16
China Economy Expands 1.2% QoQ in Q4
China’s GDP grew 1.2% quarter-on-quarter in Q4 2025, beating market expectations of 1.0% and following a 1.1% increase in Q3, logging the fastest expansion in three quarters. The latest reading reflected sustained policy support from Beijing alongside efforts to curb excess industrial capacity and rein in aggressive price competition. Leaders in December pledged to maintain a proactive fiscal stance for this year, with the statistics bureau calling for stronger macro policies and expanded domestic demand. Authorities also vowed to strongly lift household consumption’s share of the economy over the next five years. On the monetary front, the PBoC continued to keep liquidity ample, guiding borrowing costs lower, and providing cross-cyclical support without resorting to excessive stimulus. Recent measures included sector-specific lending rate cuts, signals of possible reserve-requirement and broader rate reductions, and steps to stabilize capital markets against mounting headwinds.
2026-01-19
China Economy Expands 1.1% QoQ in Q3
China’s GDP grew 1.1% quarter-on-quarter in Q3 2025, beating market expectations of 0.8% and following a marginally revised 1.0% gain in Q2. The stronger-than-expected performance reflects Beijing’s policy support, including liquidity injections to stabilize credit markets and curb deflationary pressures amid weak demand. The central bank also signaled plans to cut rates “at an appropriate time” to boost lending and investment further. However, renewed U.S.-China trade tensions underscore vulnerabilities in China’s export-driven economy, with President Trump threatening tariffs of up to 100% on Chinese goods from November 1, though both sides have expressed willingness to ease disputes. China’s statistics agency noted that external uncertainties, weak domestic demand, and operational strains among firms continue to challenge economic stability. A spokesperson said the Chinese economy is like “a vast ocean, not a small pond, capable of withstanding storms and even tempests.”
2025-10-20