The Chinese economy grew by a seasonally adjusted 0.2 percent on quarter in the three months to September 2021, compared with market estimates of a 0.5 percent expansion and following a marginally revised 1.2 percent advance in the previous quarter. This was the weakest quarterly growth since a contraction in the January-March 2020, amid power shortages, supply chain bottlenecks, growing concerns over the property sector, and COVID-19 outbreaks. source: National Bureau of Statistics of China

GDP Growth Rate in China averaged 1.69 percent from 2010 until 2021, reaching an all time high of 10.70 percent in the second quarter of 2020 and a record low of -9.50 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 October of 2021.

GDP Growth Rate in China is expected to be 1.30 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 1.10 percent in 2022 and 1.30 percent in 2023, according to our econometric models.

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China GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-15 02:00 AM Q2 1.3% 0.4% 1.2% 1.4%
2021-10-18 02:00 AM Q3 0.2% 1.2% 0.5% 0.4%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
China Quarterly Growth Weakest in 1-1/2 Years
The Chinese economy grew by a seasonally adjusted 0.2 percent on quarter in the three months to September 2021, compared with market estimates of a 0.5 percent expansion and following a marginally revised 1.2 percent advance in the previous quarter. This was the weakest quarterly growth since a contraction in the January-March 2020, amid power shortages, supply chain bottlenecks, growing concerns over the property sector, and COVID-19 outbreaks.
2021-10-18
China Economy Expands 1.3% QoQ in Q2
The Chinese economy grew by a seasonally adjusted 1.3 percent on quarter in the three months to June 2021,compared with market estimates of a 1.2 percent expansion and following a downwardly revised 0.4 percent advance in the previous quarter. China’s economy sustained a steady recovery, with production and demand picking up, employment and prices remaining stable, market expectations improving, and major macro indicators staying within a reasonable range, the National Bureau of Statistics said in a statement. It added, however, there were still concerns about the global spread of the pandemic and unbalanced recovery domestically.
2021-07-15
China Economy Expands 0.6% QoQ in Q1
The Chinese economy grew by a seasonally adjusted 0.6 percent on quarter in the three months to March 2021, following an upwardly revised 3.2 percent advance in the previous quarter and less than market expectations of a 1.5 percent expansion. This was the weakest quarterly growth rate since a contraction was recorded in the first quarter of 2020.
2021-04-16

China Last Unit Reference Previous Highest Lowest
GDP Growth Rate 0.20 percent Sep/21 1.20 10.70 -9.50
GDP Annual Growth Rate 4.90 percent Sep/21 7.90 18.30 -6.80
Gross National Product 1009151.00 CNY HML Dec/20 988528.90 1009151.00 679.10
Gross Fixed Capital Formation 435682.60 CNY HML Dec/20 422018.80 435682.60 80.70
Economic Activity Index 51.70 points Sep/21 48.90 55.70 28.90
GDP From Manufacturing 267640.10 CNY HML Sep/21 174606.00 313071.10 2207.80
GDP From Construction 54537.50 CNY HML Sep/21 33335.00 72995.70 181.90
GDP From Agriculture 51430.10 CNY HML Sep/21 28402.00 77754.10 649.30
GDP Constant Prices 791907.10 CNY HML Sep/21 513488.00 911205.30 53480.30
GDP From Transport 35457.00 CNY HML Sep/21 22704.00 42466.30 393.20
GDP From Services 450761.40 CNY HML Sep/21 296611.00 553976.80 2212.70
Gdp From Mining 22592.00 CNY HML Dec/18 21026.00 26296.00 7628.00


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. .