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 March 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.