Markets Actual Q4 Q1 Q2 Q3 2020
Currency 7.08 7.17 7.2 7.23 7.25 7.31
Stock Market (points) 2939.40 2855 2805 2756 2708 2615
Government Bond 10Y (%) 3.19 3.18 3.2 3.23 3.25 3.31
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.50 1.4 1.4 1.3 1.3 1.2
GDP Annual Growth Rate (%) 6.00 6.1 6 5.9 5.8 5.8
Unemployment Rate (%) 3.61 3.8 3.7 3.8 3.9 4
Inflation Rate (%) 3.00 1.9 2 2 2.1 2
Inflation Rate Mom (%) 0.90 0.3 0.1 0.3 0.3 0.2
Interest Rate (%) 4.20 4.05 3.95 3.8 3.8 3.5
Cash Reserve Ratio (%) 13.00 12.75 12 12 12 12
Balance of Trade (USD HML) 396.50 550 150 150 150 130
Current Account (USD HML) 461.67 72.22 250 520 520 80.28
Current Account to GDP (%) 0.40 -0.2 -0.4 -0.4 -0.4 -0.4
Government Debt to GDP (%) 50.50 51.9 52.5 52.5 52.5 52.5
Government Budget (% of GDP) -4.20 -3.8 -3.7 -3.7 -3.7 -3.7
Business Confidence (Index Points) 49.80 50.9 49.7 50.5 51.1 50.5
Services PMI (Index Points) 51.30 52.9 52.8 52 52.5 52
Manufacturing PMI 51.40 50.3 49.8 50.2 50.7 50.1
Non Manufacturing PMI (%) 53.70 52 51 52.5 52.5 52
Consumer Confidence (Index Points) 122.40 118 116 120 120 115
Retail Sales MoM (%) 0.70 0.4 0.5 0.6 0.6 0.5
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.50 1.4 1.4 1.3 1.3 1.2
GDP Annual Growth Rate (%) 6.00 6.1 6 5.9 5.8 5.8
GDP (USD Billion) 13608.15 14200 14900 14900 14900 14900
Gross National Product (CNY HML) 896915.60 875143 874318 925901 949834 925901
Gross Fixed Capital Formation (CNY HML) 380771.80 367574 367227 388893 403237 388893
GDP per capita (USD) 7755.00 8250 8730 8730 8730 8730
GDP per capita PPP (USD) 16186.80 16800 18450 18450 18450 18450
GDP From Agriculture (CNY HML) 43005.00 68683 68618 9296 24576 72666
GDP From Construction (CNY HML) 27465.60 65578 65516 11160 11150 69382
GDP From Manufacturing (CNY HML) 152993.70 323775 323470 76362 76290 342554
GDP From Services (CNY HML) 376925.00 498219 497750 129656 262360 527116
GDP From Transport (CNY HML) 20494.80 43024 42983 10126 10116 45519
GDP Constant Prices (CNY HML) 697798.00 955228 954328 226239 477538 1010631
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 3.61 3.8 3.7 3.8 3.9 4
Employed Persons (Tens of Thousands ) 77586.00 77740 77820 77820 77820 77820
Unemployed Persons (Tens of Thousands ) 947.00 946 938 920 940 920
Wages (CNY/Year) 82461.00 86100 89300 89300 89300 89300
Wages in Manufacturing (CNY/Year) 72088.00 76500 80500 80500 80500 80500
Minimum Wages (CNY/Month) 2480.00 2480 2480 2550 2550 2550
Population (Million) 1395.38 1398 1400 1400 1400 1400
Retirement Age Women 50.00 50 50 50 50 50
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 3.00 1.9 2 2 2.1 2
Inflation Rate Mom (%) 0.90 0.3 0.1 0.3 0.3 0.2
Consumer Price Index CPI (Index Points) 103.00 104 104 104 105 106
Core Consumer Prices (Index Points) 101.50 104 104 104 104 106
Producer Prices (Index Points) 98.80 100 102 102 101 102
Producer Prices Change (%) -1.20 -0.4 1.4 1.8 1.8 1.9
Food Inflation (%) 11.20 6 1.9 1.8 1.8 1.9
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 4.20 4.05 3.95 3.8 3.8 3.5
Cash Reserve Ratio (%) 13.00 12.75 12 12 12 12
Interbank Rate (%) 3.32 2.98 2.88 2.73 2.73 2.43
Banks Balance Sheet (CNY Billion) 1690.00 1200 1900 1800 1700 1300
Loans to Private Sector (CNY HML) 22725.00 1200 1900 1800 23964 1500
Deposit Interest Rate (%) 0.35 0.35 0.25 0.1 0.1 -0.2
Loan Growth (%) 12.50 12.9 13.2 13 12.7 12.4
Reverse Repo Rate (%) 2.55 2.5 2.5 2.45 2.45 2.4
Fixed Asset Investment (%) 5.40 5.6 5.5 5.3 5.3 5.7
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD HML) 396.50 550 150 150 150 130
Current Account (USD HML) 461.67 72.22 250 520 520 80.28
Current Account to GDP (%) 0.40 -0.2 -0.4 -0.4 -0.4 -0.4
Imports (USD HML) 1784.74 1500 1600 1550 1550 1940
Exports (USD HML) 2181.25 2150 1750 2250 2250 2330
External Debt (USD HML) 19652.14 18500 19000 19000 20812 19000
Terms of Trade (Index Points) 100.78 94.8 94.8 100 98.1 94.8
Foreign Direct Investment (USD HML) 1007.80 1400 400 720 720 1500
Tourist Arrivals (Tens of Thousands ) 3054.00 3100 3150 3150 3150 3150
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 50.50 51.9 52.5 52.5 52.5 52.5
Government Budget (% of GDP) -4.20 -3.8 -3.7 -3.7 -3.7 -3.7
Government Budget Value (CNY Billion) -257.10 -530 -530 -500 -500 -496
Government Spending (CNY HML) 220906.00 234381 234160 247975 233939 247975
Government Revenues (CNY HML) 11438.00 11200 15200 19200 19200 13000
Fiscal Expenditure (CNY HML) 15106.00 31000 26500 30000 30000 26800
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 13.00 13 13 13 13 13
Social Security Rate (%) 48.00 48 48 48 48 48
Social Security Rate For Companies (%) 37.00 37 37 37 37 37
Social Security Rate For Employees (%) 11.00 11 11 11 11 11
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 49.80 50.9 49.7 50.5 51.1 50.5
Services PMI (Index Points) 51.30 52.9 52.8 52 52.5 52
Manufacturing PMI 51.40 50.3 49.8 50.2 50.7 50.1
Non Manufacturing PMI (%) 53.70 52 51 52.5 52.5 52
Industrial Production (%) 5.80 5.4 5.7 5.2 5.2 5.2
Industrial Production Mom (%) 0.72 0.5 0.5 0.3 0.3 0.3
Manufacturing Production (%) 5.60 5.8 5.6 5 5 5.5
Mining Production (%) 8.10 2.7 0.4 1.2 1.2 1.2
Composite Pmi 51.90 51 50 50 51 51.4
Corporate Profits (CNY Million) 4016350.00 6400000 1200000 3300000 3300000 6750000
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 122.40 118 116 120 120 115
Retail Sales MoM (%) 0.70 0.4 0.5 0.6 0.6 0.5
Retail Sales YoY (%) 7.80 8 8 7.8 7.8 7.5
Consumer Spending (CNY HML) 348209.60 336878 336560 356417 368754 356417
Bank Lending Rate (%) 4.35 4.35 4.25 4.1 4.1 3.8
Gasoline Prices (USD/Liter) 0.70 0.72 0.7 0.61 0.59 0.7
Households Debt To GDP (% of GDP) 53.60 53 53 54 54 55
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (%) 8.80 8 8 7 6.5 6


This page has economic forecasts for China including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the China economy.