China GDP Growth Rate

The Gross Domestic Product (GDP) in China expanded 1.60 percent in the first quarter of 2013 over the previous quarter. GDP Growth Rate in China is reported by the National Bureau of Statistics of China. Historically, from 2011 until 2013, China GDP Growth Rate averaged 2.01 Percent reaching an all time high of 2.50 Percent in June of 2011 and a record low of 1.50 Percent in March 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 includes a chart with historical data for China GDP Growth Rate.

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China GDP Growth Eases to 1.6% QoQ in Q1
NBS | Nuno Fontes | nuno@tradingeconomics.com  |  4/16/2013 11:15:22 AM


In the first quarter of 2013, the Chinese economy expanded by 1.6 percent quarter-on-quarter and by 7.7 percent year-on-year, according to a report by the National bureau of Statistics of China.

According to the preliminary estimation, the gross domestic product of China in the first quarter of this year was 11,885.5 billion yuan. The gross domestic product went up by 1.6 percent on quarterly basis.

In the first quarter, the total value added of the industrial enterprises above designated size was up by 9.5 percent year-on-year, or 2.1 percentage points lower than that in the same period of last year and 0.5 percentage point lower than that in the year of 2012.
 
In the first quarter, the investment in fixed assets (excluding rural households) was 5,809.2 billion yuan, a year-on-year growth of 20.9 percent (a real growth of 20.7 percent after deducting price factors), the same growth with that in the same period of last year, or 0.3 percentage point higher than that in the year of 2012.
 
The total investment in real estate development was 1,313.3 billion yuan, a year-on-year growth of 20.2 percent (a real growth of 19.9 percent after deducting price factors), or 3.3 percentage points lower than that in the same period of 2012 and 4.0 percentage points higher than that in the previous year. Of this total, the investment in residential buildings went up by 21.1 percent, or 2.1 percentage points higher than that in the same period of 2012 and 9.7 percentage points higher than that in the previous year.
 
In the first quarter, the total retail sales of consumer goods reached 5,545.1 billion yuan, an increase of 12.4 percent (a real growth of 10.8 percent after deducting price factors), or 2.4 percentage points lower than that in the same period of last year and 1.9 percentage points lower than that in the year of 2012. Analyzed by different areas, the retail sales in urban areas reached 4,789.4 billion yuan, up by 12.2 percent, and that in rural areas stood at 755.7 billion yuan, up by 13.9 percent.
 
The total value of imports and exports in the first quarter was 974.7 billion US dollars, a year-on-year growth of 13.4 percent. The total value of exports was 508.9 billion US dollars, up by 18.4 percent; and that of imports was 465.8 billion US dollars, up by 8.4 percent. The trade surplus was 43.07 billion US dollars.

ARCHIVE
China Economy Accelerates in the Fourth Quarter
In the fourth quarter of 2012, the Chinese economy expanded by 7.9 percent year-on-year and by 2.0 percent quarter-on-quarter, according to a report by the National bureau of Statistics of China. 2013-01-18

China's Growth Steady at 9.5% in Q2
China's second-quarter GDP rose 9.5% from a year earlier, compared with 9.7% growth in the first quarter, the National Bureau of Statistics said on July 13. 2011-07-13

China’s Economic Growth Likely to Accelarate
In the third quarter of 2012, China GDP had grown by 7.4 percent year on year and 2.2 percent seasonally adjusted quarter on quarter. And although the annual expansion was the slowest since 2009, the quarterly change has shown some improvement, giving many investors and economists sense of relief. 2012-12-07

China GDP Grows 9.7% in Q1
China's gross domestic product jumped 9.7 percent on year in the first quarter of 2011, the National Bureau of Statistics said on April 15. 2011-04-15

China's GDP at 3 Year Low in Q1
China's GDP in the first quarter of 2012 was 10,799.5 billion yuan, a year-on-year increase of 8.1 percent. The value added of the primary industry was 692.2 billion yuan, up by 3.8 percent; that of the secondary industry was 5,145.1 billion yuan, up by 9.1 percent; and that of the tertiary industry was 4,962.2 billion yuan, up by 7.5 percent. In the first quarter of 2012, the gross domestic product went up by 1.8 percent on quarterly bases. 2012-04-13

China GDP Expands 9.8% in Q4
China's gross domestic product growth sped up unexpectedly in the fourth quarter despite a series of tightening measures by Beijing. 2011-01-20

China's Economy Expands 8.9% in Q4
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. 2012-01-17

China's GDP Slows to 9.6%
China's economy grew by 9.6% in the third quarter, indicating a slight deceleration in growth this year as the government's cooling measures appeared to have had some effect. 2010-10-22

China's GDP Growth Slows to 9.1% in Q3
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. 2011-10-18




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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