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China Gross Domestic Product (GDP)

China Gross Domestic Product is worth 4327 billion dollars or 6.98% of the world economy, according to the World Bank. China Gross Domestic Product (GDP) expanded at an annual rate of 10.30 percent over the last quarter. China's economy is the second largest in the world after that of the United States. During the past 30 years China's economy has changed from a centrally planned system that was largely closed to international trade to a more market-oriented that has a rapidly growing private sector. A major component supporting China's rapid economic growth has been exports growth. This page includes: China Gross Domestic Product (GDP) chart, historical data and news.


CountryInterest RateGrowth RateInflation RateJobless RateCurrent AccountExchange Rate
China 5.31%10.30%2.90%4.20%536006.7799


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China Gross Domestic Product (GDP) 12/31/2008 4326.996 12/31/2007 3382.262 12/31/2006 2657.881 12/31/2005 2235.914 12/31/2004 1931.64 12/31/2003 1640.959 12/31/2002 1453.828 12/31/2001 1324.805 12/31/2000 1198.48 12/31/1999 1083.278 12/31/1998 1019.459 12/31/2008 4326.996 12/31/2007 3382.262 12/31/2006 2657.881 12/31/2005 2235.914 12/31/2004 1931.64 12/31/2003 1640.959 12/31/2002 1453.828 12/31/2001 1324.805 12/31/2000 1198.48 12/31/1999 1083.278 12/31/1998 1019.459

YearValue
20084327.00

  





China Economy Cools in Second Quarter
Published: 7/15/2010 9:58:48 AM    By: TradingEconomics.com, Reuters 

China's economy cooled in the second quarter, a slowdown that is likely to extend over the rest of the year as Beijing steers monetary and fiscal policy back to normal after a record credit surge to counter the global crisis.

Annual gross domestic product growth moderated to 10.3 percent from 11.9 percent in the first quarter, the National Bureau of Statistics (NBS) said on Thursday.

Other data suggested that curbs on lending to home buyers and local authorities, along with an ebbing of government stimulus spending and an end to inventory rebuilding, were biting with greater force as the quarter drew to a close.

Particularly striking was a sharper-than-expected drop in factory growth to 13.7 percent in the year to June.

The government showed no sign of being perturbed, partly because the slowdown reflected a high base of comparison in 2009.

Consumption was resilient, although annual retail sales growth eased to 18.3 percent in June from 18.7 percent in May.

Year-to-date investment in urban areas in fixed assets such as flats and factories slowed a notch, growing 25.5 percent from a year earlier after a 25.9 percent rise in May.

Year-on-year expansion in the stock of outstanding yuan loans slowed to 18.2 percent at the end of June from 33.8 percent as recently as November. Growth in the M2 measure of money supply moderated to 18.5 percent from 29.7 percent over the same period.

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China Economic News

China Economy Cools in Second Quarter
Published: 7/15/2010 9:58:48 AM By: TradingEconomics.com, Reuters
China's economy cooled in the second quarter, a slowdown that is likely to extend over the rest of the year as Beijing steers monetary and fiscal policy back to normal after a record credit surge to counter the global crisis.

China's Trade Surplus Widens
Published: 7/11/2010 7:35:24 PM By: TradingEconomics.com, Bloomberg
China’s overseas sales jumped 43.9 percent in June from a year earlier to $137.4 billion and the trade surplus more than doubled to $20 billion, the highest level in eight months.

China Says It Will Increase Yuan's Flexibility
Published: 6/19/2010 4:57:56 PM By: TradingEconomics.com, WSJ
China's central bank moved Saturday to head off resurgent international criticism of its currency policies with a pledge to make its tightly controlled exchange rate more flexible, a surprise announcement that was quickly welcomed by the U.S. and others even though the central bank also ruled out a big rise in the yuan.

China Inflation Rises to a 19-Month High
Published: 6/13/2010 3:29:34 PM By: TradingEconomics.com, AP
China's inflation rose in May amid signs its rebound from the global slump is slowing, adding to pressure on Beijing to keep growth on track and control politically sensitive prices.

China’s Exports Rise 48.5% in May
Published: 6/10/2010 10:00:43 AM By: TradingEconomics.com, Reuters
China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on U.S. President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued.

Chinese Economy May be Overheating
Published: 5/11/2010 8:24:49 PM By: Anna Fedec, contact@tradingeconomics.com
Data released in the last few weeks in China may be indicating that the third largest economy in the world is beyond recovery period and may be close to overheating. Yet, the Chinese government is still far from acknowledging that fact and focusing on slowing down the property prices instead of initiating monetary policy tightening.

China's Inflation Rate Accelerates
Published: 5/11/2010 10:21:29 AM By: TradingEconomics.com, MarketWatch
China's inflation rate accelerated in April, as consumer and producer prices beat estimates, while bank lending rose nearly 30% faster than expected.

China Gets Back to Trade Surplus
Published: 5/10/2010 10:11:14 AM By: TradingEconomics.com, reuters
China returned to familiar territory by posting a trade surplus in April, but exports only narrowly topped imports, providing limited comfort for policymakers fearful of another round of global economic turmoil.

China Raises Bank Reserve Ratio Third Time This Year
Published: 5/2/2010 11:38:13 AM By: TradingEconomics.com, Bloomberg
China ordered banks to set aside more deposits as reserves for the third time this year, seeking to counter the risk of property bubbles and the threat inflation will surge after a record expansion in credit.

Chinese Inflation Slows In March
Published: 4/15/2010 12:26:00 AM By: TradingEconomics.com, RTT News
China's consumer prices rose 2.4% year-on-year in March, the National Bureau of Statistics said on Thursday.

More news




Gross Domestic Product (GDP)

According to Wikipedia, the gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).


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