The Chinese economy grew by a seasonally adjusted 2.6 percent on quarter in the three months to December 2020, following an upwardly revised 3 percent advance in the previous quarter and less than market expectations of a 3.2 percent expansion. This was the weakest quarterly growth since a contraction in the first quarter of 2020. For full 2020 however, the economy expanded 2.3 percent and China is likely to be the only major economy to avoid contraction due to the COVID-19 shocks. source: National Bureau of Statistics of China

GDP Growth Rate in China averaged 1.78 percent from 2010 until 2020, reaching an all time high of 11.60 percent in the second quarter of 2020 and a record low of -9.70 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 February of 2021.

GDP Growth Rate in China is expected to be 1.60 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 1.30 in 12 months time. In the long-term, the China GDP Growth Rate is projected to trend around 1.30 percent in 2022, according to our econometric models.

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China GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.60 3.00 11.60 -9.70 2010 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-17 02:00 AM Q1 -9.8% 1.5% -9.9% -9.6%
2020-07-16 02:00 AM Q2 11.5% -10.0% 9.6% 10.2%
2020-10-19 02:00 AM Q3 2.7% 11.7% 3.2% 3.3%
2021-01-18 02:00 AM Q4 2.6% 3.0% 3.2% 3%
2021-04-16 02:00 AM Q1 2.6%
2021-07-15 02:00 AM Q2
2021-10-18 02:00 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
China Economy Advances 2.6% QoQ in Q4
The Chinese economy expanded by a seasonally adjusted 2.6 percent on quarter in the three months to December 2020, following an upwardly revised 3 percent advance in the previous quarter and less than market expectations of a 3.2 percent expansion. This was the weakest quarterly growth since a contraction in the first quarter of 2020. For full 2020 however, the economy expanded 2.3 percent and China is likely to be the only major economy to avoid contraction due to the COVID-19 shocks.
2021-01-18
China Economy Expands 2.7% QoQ in Q3
The Chinese economy grew by a seasonally adjusted 2.7 percent on quarter in the three months to September 2020, following an upwardly revised 11.7 percent advance in the previous quarter and below market expectations of a 3.2 percent expansion.
2020-10-19
China Quarterly GDP Growth Strongest on Record
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.
2020-07-16
China Economy Contracts 9.8% QoQ in Q1
The Chinese economy shrank 6.8 percent year-on-year in the first quarter of 2020, after a 6 percent growth in the last three months of 2019 and compared with market forecasts of a 6.5 percent decline. It is the first GDP contraction since records began in 1992, reflecting the severe damage caused by the COVID-19 outbreak after the authorities enforced a near two-month-long shutdown of all non-essential business activity. The industrial sector dropped 9.6 percent, services fell 5.2 percent and the primary sector went down 3.2 percent. Car production recorded the sharpest decline (-44.6 percent). However, China's long term growth potential will not be affected by the short term fallout of the coronavirus pandemic, as the country's economic fundamentals remain unchanged, the authorities said.
2020-04-17

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. .