GDP

The latest official data published by Beijing shows the Chinese economy making a stronger-than-expected start to 2024, with GDP expanding by 5.3% in Q1 compared to 2023. This puts China on track to achieve its growth target of around 5% as revealed by Premier Li Keqiang during the Two Sessions in March. Nevertheless, the National Bureau of Statistics acknowledged that the “external environment is becoming more complex”, posing a threat …

On Wednesday, 18 October, China announced that its GDP grew 4.9% year-on-year in the third quarter of 2023, putting it on track to achieve its 5% growth target The Q3 figure was above analysts’ expectations of 4.5% growth, but below the 6.3% growth seen in the second quarter. On a quarterly basis, China’s GDP grew 1.3%, accelerating from 0.5% in the second quarter. Despite growth exceeding expectations, the National Bureau of …

Despite shaky economic figures, analysts and consumers alike remain “cautiously optimistic” about the potential for the consumer market to strengthen China’s post-Covid economy, writes Qing Na from Dao Insights Although lower than the expected growth forecast between 6.7% and 7% in Q2, China’s 6.3% annual growth rate in April to June suggests that the world’s second-largest economy is continuing to heal. Nevertheless, a consensus appears to have been reached amongst economists: …

According to government figures released this week, China’s economy expanded 6.3% year-on-year in Q2, falling short of the consensus forecast of 7.3%, writes Tom Simpson While growth of 6.3% may appear strong, Q2 of 2022 saw China’s economy expand by 0.4% as the country experienced severe disruption from its zero Covid policy – so Q2 of 2023 was always expected to be a higher-than-average number. Seasonally adjusted quarter-on-quarter growth saw …

China’s regional GDP growth figures for 2022 offer a lot to reflect on after a difficult year, but with the country open again, there is much to look forward to in 2023, writes Tom Simpson China’s economy grew by 3% in 2022 according to data from the National Bureau of Statistics, with H2 activity improving on the 2.5% growth in H1. While much higher than the figure recorded by the …

China’s post-Covid recovery remains strong, although some signs point to increasing downward pressure in the second half of the year The National Bureau of Statistics has announced China’s Q2 GDP data, and while it is less impressive than the 18.3% year-on-year growth in the first three months of 2021, the 7.9% year-on-year increase (up to RMB 52.3 trillion) in the second quarter nonetheless indicates a steady recovery. It also means …

Bloomberg’s Tom Orlik explains that China’s size, growth potential, domestic consumers and high savings rate all help to keep the bubble at bay Tom Orlik is the chief economist for Bloomberg Economics who spent more than a decade in Beijing before relocating to Washington DC. His first book, ‘Understanding China’s Economic Indicators’ was a must-have guide to China’s economic data. Now he has a new book – ‘China: The Bubble …

The time for speculation is over: China has revealed the extent of the damage that Covid-19 has inflicted on its economy at the start of this year. The National Bureau of Statistics’s (NBS) data for the first three months of 2020 shows a dramatic 6.8 percent fall in China’s GDP from a year ago. On a quarter-to-quarter basis, the Chinese economy shrunk by 9.8 percent. Industrial production experienced the biggest drop, …