China GDP

China Gross Domestic Product is worth 5879 billion dollars or 9.48% of the world economy, according to the World Bank. Historically, from 1960 until 2010, China's average Gross Domestic Product was 839.37 billion dollars reaching an historical high of 5878.63 billion dollars in December of 2010 and a record low of 46.46 billion dollars in December of 1962. 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, forecasts and news.

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China News

China's Economy Expands 8.9% in Q4
Published: 1/17/2012 12:17:38 PM By: TradingEconomics.com, Reuters
China's economy expanded at its weakest pace in 2-1/2 years in the fourth quarter, with the sagging real estate and export sectors heralding a sharper slowdown in coming months and fresh pro-growth measures from the government.

China's Trade Surplus Narrows in November
Published: 12/10/2011 1:08:15 PM By: TradingEconomics.com, General Administration of Customs
China's trade surplus narrowed in November, but was higher than expected, indicating the euro-zone crisis is having a real but still limited impact on Chinese exports.

China Inflation Rate Falls to 4.2 percent in November
Published: 12/9/2011 12:03:00 PM By: TradingEconomics.com, National Bureau of Statistics China
Inflation Rate in China eased to 4.2 percent in November from 5.5 percent in October, the National Bureau of Statistics said. The rate cooled for a fourth consecutive month, after peaking at 6.5 percent in July.

China's Trade Surplus Widens in October
Published: 11/10/2011 10:54:04 AM By: TradingEconomics.com, General Administration of Customs
China recorded a trade surplus of $17.03 billion in October, as exports rose 15.9 percent year-on-year to $157.49 billion, while imports increased 28.7 percent to 140.56 billion, according to the General Administration of Customs. The trade surplus was $14.51 billion in September.

China's Inflation Rate Drops to 5.5% in October
Published: 11/9/2011 11:26:48 AM By: TradingEconomics.com, National Bureau of Statistics China
China's inflation rate has slowed to 5.5% in October compared with the same month a year earlier, the National Bureau of Statistics said. That is down from 6.1% in September, and a three-year high of 6.5% in July.

China's GDP Growth Slows to 9.1% in Q3
Published: 10/18/2011 10:46:48 AM By: TradingEconomics.com, National Bureau of Statistics China
China's gross domestic product expanded at the slowest pace in nearly two years in the third quarter. GDP growth moderated to 9.1 percent in the third quarter from 9.5 percent in the second quarter. On a seasonally adjusted quarter-on-quarter basis, GDP rose 2.3 percent following a revised 2.4 percent gain the second quarter.

China's Inflation Rate Remains High in September
Published: 10/14/2011 3:38:36 PM By: TradingEconomics.com, National Bureau of Statistics China
China's consumer prices rose 6.1 percent, down from August's 6.2 percent but well above the government's 4 percent target for the year. Food price inflation held steady at August's level of 13.4 percent.

China's Trade Surplus Shrinks in September
Published: 10/13/2011 2:23:59 PM By: TradingEconomics.com, Reuters
China's trade surplus narrowed for a second straight month in September to $14.5 billion, with both imports and exports lower than expected, reflecting global economic weakness and domestic cooling that will deepen policy quandaries facing Beijing.

China's Trade Surplus Narrows in August
Published: 9/11/2011 6:27:19 PM By: TradingEconomics.com, National Bureau of Statistics China
China's trade surplus fell to $17.75 billion in August as compared to $31.48 billion worth of surplus seen in July this year mostly due to record surge in imports.

China's Inflation Rate Eases in August
Published: 9/9/2011 10:17:38 AM By: TradingEconomics.com, National Bureau of Statistics China
Inflation rate in China rose 6.2 percent over a year earlier, cooling from 6.5 percent in July, the National Statistics Bureau said on September 9.

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Gross Domestic Product (GDP)

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).