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. BEIJING (dpa-AFX) - China's economic growth gained further momentum in the third quarter driven by the recovery in domestic consumption, and the global demand for medical equipments amid the China gdp growth rate for 2017 was 6.95%, a 0.1% increase from 2016. What does the coronavirus mean for China's economy? its third-quarter GDP growth was up 4.9% from a year ago. — CNBC's Evelyn Cheng contributed to this report. Data is a real-time snapshot *Data is delayed at least 15 minutes. A Division of NBCUniversal. "For China to prosper in a durable way, I think one of the key issues really is going to be not just pumping … credit, but getting credit into the hands of the small and medium enterprises, the more dynamic parts of the economy that can generate better employment growth, as well as productivity growth because ultimately, that is crucial for China's growth that matters a great deal for economies in the region as well," Prasad said. See also: List of administrative divisions by Human Development Index (HDI). The world's second-largest economy reported third-quarter GDP growth on the low end of expectations, up 4.9% from a year ago. Get this delivered to your inbox, and more info about our products and services. Cochrane agreed, saying: "Any kind of future stimulus has to be focused more on small and medium sized enterprises. China gdp growth rate for 2016 was 6.85%, a 0.19% decline from 2015. China’s recovery from the coronavirus slump continued in the third quarter and showed signs of broadening in September, keeping the economy on track to be the world’s only major growth … The International Monetary Fund expects China will be the only major world economy to grow this year, at 1.9%. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. China reported that its third-quarter GDP growth was up 4.9% from a year ago . 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. China gdp growth rate for 2018 was 6.75%, a 0.19% decline from 2017. They are the dynamic part of the economy, and the part that can really work to continue to grow and diversify the economy.". Got a confidential news tip? Going forward, however, China needs to focus on its small and medium enterprises which will be important for its growth, the analysts say. GDP Annual Growth Rate in China averaged 9.23 percent from 1989 until 2020, reaching an all time high of 15.30 percent in the first quarter of 1993 and a record low of -6.80 percent in the first quarter of 2020. Still, the country is the first to bounce back after getting over the worst of the coronavirus pandemic. China's GDP growth reached 6.6 percent in 2018 and is expected to decline slightly over the next few years. China's economy is picking up steam as the country continues to dig its way out of the turmoil caused by the coronavirus pandemic. China reported that its third-quarter GDP growth was up 4.9% from a year ago — lower than the 5.2% that economists expected. China gdp growth rate for 2019 was 6.11%, a 0.64% decline from 2018. This page provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China's economy is growing again after its worst three-month period in decades. Calling its latest GDP print "stunning" when the rest of the world is in a "dire" recession due to the pandemic, Cornell University's Eswar Prasad said: "I think China is going to remain important for demand in the Asian region.". From 1979 until 2010, China's average annual GDP growth was 9.91%, … 01:47 Download Historical Data Save as Image. Shoppers visit Raffles City mall, operated by CapitaLand Ltd., in Chongqing, China, on Wednesday, Nov. 27, 2019. All Rights Reserved. China reported that its third-quarter GDP growth was up 4.9% from a year ago — lower than the 5.2% that economists expected. We want to hear from you. "And ultimately given the size of its economy, Asia cannot prosper unless China prospers," the professor told CNBC on Monday, in response to a question on what China's economic recovery means for Asia when the world's second-largest economy is focusing on its domestic growth. China’s GDP growth forecast to 1.9 per cent for 2020, better than the outlook for advanced economies like the US, Germany and Japan, which are expected to contract for the year as a whole. Sign up for free newsletters and get more CNBC delivered to your inbox. "That China was able to grow as fast as it did given the weakness all across the rest of the global economy right now, is quite remarkable," said Steve Cochrane, chief APAC economist at Moody's Analytics. SINGAPORE – China might be looking more toward its domestic economy now, but its growth will continue to be crucial for the Asian region, analysts told CNBC. © 2020 CNBC LLC. This page provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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