The Chinese economy grew by a seasonally adjusted 1.3 percent on quarter in the three months to June 2021,compared with market estimates of a 1.2 percent expansion and following a downwardly revised 0.4 percent advance in the previous quarter. China’s economy sustained a steady recovery, with production and demand picking up, employment and prices remaining stable, market expectations improving, and major macro indicators staying within a reasonable range, the National Bureau of Statistics said in a statement. It added, however, there were still concerns about the global spread of the pandemic and unbalanced recovery domestically. source: National Bureau of Statistics of China
GDP Growth Rate in China averaged 1.73 percent from 2010 until 2021, reaching an all time high of 10.10 percent in the second quarter of 2020 and a record low of -9.30 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 July of 2021.
GDP Growth Rate in China is expected to be 1.10 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 1.50 in 12 months time. In the long-term, the China GDP Growth Rate is projected to trend around 1.10 percent in 2022 and 1.30 percent in 2023, according to our econometric models.