China GDP Growth Rate

The Gross Domestic Product (GDP) in China expanded 2 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in China averaged 1.97 Percent from 2010 until 2014, reaching an all time high of 2.50 Percent in the second quarter of 2011 and a record low of 1.40 Percent in the first quarter of 2012. GDP Growth Rate in China is reported by the National Bureau of Statistics of China.


China GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.50 2.50 1.40 2010 - 2014 Percent Quarterly
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.

Chinese GDP Advances 2% QoQ in Q2

The Chinese economy advanced 2 percent quarter-on-quarter in the three months to June 2014, up from a revised 1.5 percent increase in the previous period.

It is the highest growth rate in the last three quarters. Official data showed investment in fixed assets accelerated for the second straight month in June, recording the highest growth rate since August of 2013. The most important driver of the Chinese economy rose 1.45 percent from May, following a 1.37 percent increase in the previous period.

Meanwhile, the value added of industrial enterprises rose at a faster 0.77 percent month-over-month in June, up from a 0.72 percent increase in May while retail sales advanced 0.96 percent, slowing from a 1.15 percent monthly increase in May. 

Year-on-year, the economy advanced 7.5 percent in the second quarter of 2014, up from a 7.4 percent increase in the previous period. 

NBS | Joana Taborda |
7/16/2014 12:36:29 PM

Recent Releases

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. Published on 2014-04-16

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

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 03:00 AM China
GDP Growth Rate QoQ
Q2 2014 2.0% 1.5% (R) 1.8% 2.06%
2014-10-21 03:00 AM China
GDP Growth Rate QoQ
Q3 2014 2.0% 1.95%

GDP Last Previous Highest Lowest Unit
GDP 9240.27 8230.00 9240.27 46.50 USD Billion [+]
GDP Growth Rate 2.00 1.50 2.50 1.40 Percent [+]
GDP Annual Growth Rate 7.50 7.40 14.20 3.80 Percent [+]
Gross National Product 566130.20 516282.10 566130.20 679.00 CNY HML [+]
GDP per capita 3583.38 3344.54 3583.38 85.52 USD [+]
Gross Fixed Capital Formation 269075.40 241756.80 269075.40 80.70 CNY HML [+]
GDP per capita PPP 7957.62 7417.89 7957.62 523.95 USD [+]

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