The Chinese economy grew by a seasonally adjusted 1.0% in Q4 of 2023, matching market expectations but moderating from an upwardly revised 1.5% increase in Q3. This was the sixth consecutive period of quarterly expansion, with weakness in the property sector continuing to drag on the broader economic recovery. At the same time, the government seemed reluctant to deliver a major stimulus package due to attempts to control mounting government debts. Beijing in October outlined a massive CNY 1 trillion bond issuance to spur infrastructure spending. However, any more debt issuances are expected to be limited. Meanwhile, the PBoC has carried out liquidity injections to support the economy, but economists believe it has limited space to loosen monetary conditions further. “We must effectively enhance economic vitality, prevent and mitigate risks, improve social expectations, consolidate and boost the sound momentum of economic recovery and growth," the statistics bureau said in a statement. source: National Bureau of Statistics of China
The Gross Domestic Product (GDP) in China expanded 1 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in China averaged 1.60 percent from 2010 until 2023, reaching an all time high of 11.50 percent in the second quarter of 2020 and a record low of -10.40 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 March of 2024.
The Gross Domestic Product (GDP) in China expanded 1 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in China is expected to be 0.90 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 1.00 percent in 2025 and 1.20 percent in 2026, according to our econometric models.