Bookmark Follow. BEIJING (Reuters) - China's 2019 gross domestic product (GDP) has been revised down to 6.0% to 98.65 trillion yuan ($15.12 trillion), according to a statement from the National Bureau of Statistics on Wednesday. The five-year moving average growth rate is at its lowest since reforms began in 1978, although annual growth briefly fell lower during 1979, the year of the Tian An Men incident. Real GDP Growth in Southeast Asia, China and India Annual percentage change 2017 2018 2019 2019-23 (average) 2012-16 ... • Lao PDR’s expected economic growth rate of 7.0% annually in 2019-23 will be down from 7.6% in 2012-16. Latest Releases and Calendar Events. This video is a detailed comparison video two of the great powers of Asia and soon to be super powers India and China. This page provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Next year, it is sure to enter the era of 5 percent. Hu isn’t the only analyst forecasting sub-6% GDP growth in 2020. China GDP Growth Forecast 2019-2024 and up to 2060, Data and Charts . China gdp growth rate for 2016 was 6.85%, a 0.19% decline from 2015. China’s economic freedom score is 59.5, making its economy the 103rd freest in the 2020 Index. As of 2019, China's public sector accounted for 63% of total employment. Quarterly GDP growth in China Q3 2020, by sector and industry Gross domestic product (GDP) growth rate in China 2011-2025 Annual GDP growth in China 2019, by sector and industry China’s gross domestic product grew by 6% in the three months to September 30, the weakest quarterly growth rate since 1992 and down from … BERLIN and KUALA LUMPUR, Dec 10 2019 (IPS) - China’s gross domestic product (GDP) grew by 14%. China GDP Annual Growth Rate History. Last 12 readings. Close. Driven largely by changes to data in China’s manufacturing industry, revision puts nation’s 2019 GDP growth at the lowest end of what had been Beijing’s official target range for the year. Matthew Heller. Analysts polled by Reuters forecast China's economy to have grown 6.0% in the October to December period of 2019. China gdp growth rate for 2019 was 6.11%, a 0.64% decline from 2018. In China, the peak of 10.6% of GDP Growth over the past 7 years occurred in 2010. Data Source: World Bank China routinely revises its annual GDP data. That compares with an estimated 6.1% in 2019 and would mark the third straight annual slowdown. China gdp growth rate for 2018 was 6.75%, a 0.19% decline from 2017. News China's GDP growth slows to 27-year low. China's year-on-year GDP growth reached 6.1 percent in 2019, compared with 6.6 percent in 2018, the National Bureau of Statistics said on Friday. First quarter 2019 GDP growth was 2% versus the 5.6% official rate. According to the IMF, on a per capita income basis, China ranked 73rd by GDP (PPP) per capita in 2019. GDP Annual Growth Rate in China is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Jilin has not yet announced its growth rate for the first half, but in Q1 grew by just 2.4 percent – less than half of the lower range of its 5-6 percent 2019 target. The pre-revision 2019 GDP growth rate was 6.1%. News All News. The GDP goal set for 2019 takes these factors into consideration and is strategic to the 2010-2020 development plan to double China’s economy, the SCMP said. G20 Economic Forecast. Then, uneven reduction until 2018 has followed. Economic Update—May 2019 2 Executive Summary Growth in China has remained resilient in the face of weakening domestic demand. China gdp growth rate for 2017 was 6.95%, a 0.1% increase from 2016. Browse by Country or Indicator. China’s economy grew at the slowest rate in 30 years in 2019 amid weak domestic demand and the … DataBank Microdata Data Catalog. GDP (current LCU) China. In the third quarter of 2019, GDP growth … China's 2019 gross domestic product (GDP) has been revised down to 6.0% to 98.65 trillion yuan ($15.12 trillion), according to a statement from the National Bureau of Statistics on Wednesday. Since then, its growth rate has declined by more than half to 6.6% in 2018. Export. GDP Growth Rate in China averaged 1.75 percent from 2010 until 2020, reaching an all time high of 11.70 percent in the second quarter of 2020 and a record low of -10 percent in the first quarter of 2020. Heilongjiang, meanwhile, reported the lowest growth rate in China at 4.3 percent, below its modest target of greater than 5 percent. China's economic growth has slumped to its lowest level in nearly three decades as the world's second largest economy feels the effects of a prolonged trade war with the United States. According to the preliminary estimates, the gross domestic product (GDP) of China was 99,086.5 billion yuan in 2019, an increase of 6.1 percent over the previous year at comparable prices, which met the projected target of maintaining the economic growth between 6 percent to 6.5 percent. China revises 2019 GDP growth lower to six percent. The pre-revision 2019 GDP growth rate was 6.1%. China GDP Growth Rate Slows to 6.1% in 2019 China's economy is "under pressure from weak consumer spending, rising unemployment and problems in the financial system." China economic growth for 2018 was $13,894.82B, a 12.87% increase from 2017. China's GDP was $14.4 trillion (99 trillion Yuan) in 2019. China economic growth for 2019 was $14,342.90B, a 3.22% increase from 2018. The gross domestic product of China in 2019 was CN¥ 99.08651 trillion, or US$14.4 trillion (nominal).. China's nominal GDP surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006, Germany in 2007, Japan in 2010 and that of the Eurozone in 2018 making China the world's third largest economy after the European Union and United States. BERLIN and KUALA LUMPUR, Dec 10 (IPS) - China's gross domestic product (GDP) grew by 14%. The five-year moving average growth rate is at its lowest since reforms began in 1978, although annual growth briefly fell lower during 1989, the year of the Tian An Men incident. Menu. ... 1960 - 2019 GDP: linked series ... GDP growth (annual %) GDP (constant 2010 US$) GDP (constant LCU) GDP, PPP (constant 2017 international $) GDP, PPP (current international $) The lower target range will provide more leeway for the government to deal with external uncertainties and alleviate pressure domestically. ($1 = 6.5229 Chinese yuan renminbi) China’s GDP growth slipped to 6.6% in 2018 from 6.8% the previous year, and was 6.2% year-on-year in the first nine months of 2019, the National Bureau of Statistics said in October. GDP growth was 6.4 percent year on year (yoy) in the fourth quarter of 2018 and in Q1 2019, compared to 6.8 percent in the first half of 2018. According to official data, China’s GDP growth rate in the third quarter fell to 6 percent, and will likely fall below that in the fourth. For 2019, the government had Global News Select China Revises 2019 GDP Growth Down to 6.0% Provided by Dow Jones Dec 30, 2020 2:43 AM UTC If you look at corporate profits, fiscal revenue and other indicators, things don’t add up and the official GDP growth rate is clearly inflated. China GDP slowed to 6.1% for the whole of 2019, the National Bureau of Statistics said Friday, down from a 6.6% pace in the previous year and the weakest annual growth rate since 1990. 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