China GDP Growth Rate

The Gross Domestic Product (GDP) in China expanded 1.40 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in China is reported by the National Bureau of Statistics of China. GDP Growth Rate in China averaged 1.95 Percent from 2010 until 2014, reaching an all time high of 2.60 Percent in the second quarter of 2011 and a record low of 1.40 Percent in the first quarter of 2012. In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the 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 provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.40 1.70 2.60 1.40 2.06 | 2014/06 2010 - 2014 Percent Quarterly

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China GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-15 03:00 AM China
GDP Growth Rate QoQ
Q2 2013 1.7% 1.6% 1.8% 1.61%
2013-10-18 03:00 AM China
GDP Growth Rate QoQ
Q3 2013 2.2% 1.7% 1.9% 1.72%
2014-01-20 02:00 AM China
GDP Growth Rate QoQ
Q4 2013 1.8% 2.2% 1.9% 2.06%
2014-04-16 03:00 AM China
GDP Growth Rate QoQ
Q1 2014 1.4% 1.7% (R) 1.4% 1.77%
2014-07-16 02:00 AM China
GDP Growth Rate QoQ
Q2 2014 1.4% 2.06%
2014-10-21 02:00 AM China
GDP Growth Rate QoQ
Q3 2014 1.95%
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GDP Last Previous Highest Lowest Forecast Unit
Gross Fixed Capital Formation 241756.80 2012-06-29 215682.00 241756.80 80.70 243937.80 2012-12-31 CNY HML [+]
Gross National Product 516282.10 2012-06-29 468562.40 516282.10 679.00 520586.64 2012-12-31 CNY HML [+]
GDP per capita 3348.01 2012-12-31 3120.93 3348.01 85.52 3566.43 2013-12-31 USD [+]
GDP per capita PPP 7957.62 2012-12-31 7417.89 7957.62 523.95 8490.65 2013-12-31 USD [+]
GDP Growth Rate 1.40 2014-02-15 1.70 2.60 1.40 2.06 2014-06-30 Percent [+]
GDP Annual Growth Rate 7.40 2014-03-31 7.70 14.20 3.80 7.40 2014-06-30 Percent [+]
GDP 8230.00 2012-12-31 7320.00 8230.00 46.50 9272.35 2013-12-31 USD Billion [+]
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China’s Economy Expands 1.4% QoQ in Q1

In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.

The economy expanded at its slowest pace since the second quarter of 2010. It is also the lowest growth rate since China officially started to release quarter-on-quarter figures in the last three months of 2010.

Official data showed that investment in fixed assets decelerated in March, but both industrial production and retail sales increased at a faster pace than in the previous month. 

The value added of industrial enterprises accelerated for the third straight month and grew 0.81 percent over the previous month and retail sales increased at its fastest pace in twelve months by 1.23 percent over February. In contrast, investment in fixed asset, the most important driver of the Chinese economy, slowed for the fourth consecutive month in March to show a 1.24 percent increase month-over-month.

Year-on-year, the economy expanded 7.4 percent. The government has already taken some steps to stabilize the economy, targeting a 7.5 percent growth rate for 2014.

NBS | Joana Taborda | joana.taborda@tradingeconomics.com
4/16/2014 11:59:59 AM

RECENT RELEASES

China’s GDP Expands 1.8% QoQ in Q4 2013
In the fourth quarter of 2013, China’s GDP expanded a seasonally adjusted 1.8 percent over the previous quarter, down from a 2.2 percent rise in the previous three-month period. While consumption contributed to 50 percent of GDP and investment to 54.4 percent, trade of goods and services was a negative 4.4 percent. Published on 2014-01-20

China's Quarterly GDP Growth Up to 2.2% in Q3
In the third quarter of 2013, the Chinese economy expanded 2.2 percent quarter-on-quarter, up from a growth rate of 1.7 percent in Q2 of 2013. China's GDP benefited from an investment pick up fueled by looser monetary policy. Published on 2013-10-18


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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