China GDP, Economic Data & Country Report | Gross Domestic ... China GDP Annual Growth Rate | 2022 Data | 2023 Forecast ... Within China, eight of the eleven major economic sectors generated positive returns in Q1 2021, with Consumer Discretionary, Consumer Staples, and Information Technology being the only negative performers. This statistic shows the Chinas GDP by economic sectors 2007-2018. Same region. Following real GDP growth of 2.3 percent in 2020, China's economy is projected to grow by 8.5 percent in 2021, largely driven by base effects. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education . China Courier, Express, And Parcel (CEP) Market | 2021 ... The Agriculture sector's contribution to the Indian economy is much higher than the world's average (6.4%). GDP From Services in China increased to 450761.40 CNY HML in the third quarter of 2021 from 296611 CNY HML in the second quarter of 2021. The new budget amounts to $209.16 . GDP From Agriculture in China increased to 51430.10 CNY HML in the third quarter of 2021 from 28402 CNY HML in the second quarter of 2021. China's fixed-asset transport investment tops 3 trln yuan ... China Economy - GDP, Inflation, CPI and Interest Rate The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Hong Kong (CNN Business) Factories in China are struggling at a time when the world's second largest economy has to contend with yet another concern: a . China: composition of GPD by industry 2020 - Statista China Fixed Asset Investment | 2021 Data | 2022 Forecast ... China GDP, Economic Data & Country Report | Gross Domestic ... Analysts at Goldman Sachs followed on Tuesday, cutting their 2021 GDP growth forecast to 7.8% from 8.2%, citing "recent sharp cuts to production in a range of high-energy intensity industries." China added 11.86 million new urban jobs nationwide in 2020, exceeding the target of creating over nine million urban jobs. Considering the first three quarters of the year, the economy grew 9.8 percent from a year earlier, with final consumption accounting for 64.8 percent of GDP growth. The GDP value of China represents 13.04 percent of the world economy. Analysts at Goldman Sachs followed on Tuesday, cutting their 2021 GDP growth forecast to 7.8% from 8.2%, citing "recent sharp cuts to production in a range of high-energy intensity industries." In breakdown, the cultural content creation and production sector gained momentum in 2020, with its added value logging an 11.1-percent year-on-year increase to 1.03 trillion yuan, NBS data showed . Line Bar Map. The Gross Domestic Product (GDP) in China was worth 14722.73 billion US dollars in 2020, according to official data from the World Bank. In the first quarter of 2021, China's economy remained resilient, with economic activity continuing to build momentum after four quarters of expansion. For 2021, China has set an economic growth target of above 6% after growing the least in over four decades in 2020. source: National Bureau of Statistics of China 3Y 10Y 25Y MAX Chart None. Following real GDP growth of 2.3 percent in 2020, China's economy is projected to grow by 8.5 percent in 2021, largely driven by base effects. By 2025, the government aims to have the digital economy account for about 10% of China's newly added economic output. Published by C. Textor , Mar 1, 2021 In 2020, the agricultural sector had contributed around 7.7 percent to the gross domestic product (GDP) of China, whereas 37.8 percent of the economic value. Includes China real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. China's economic growth is majorly supported by rising industrial production and investments. Aggregates. For 2021, China has set an economic growth target of above 6% after growing the least in over four decades in 2020. The domestic segment holds the major share in the e-commerce sector during the review period with almost 99% in . Updated 10:45 AM ET, Thu September 30, 2021. It was by far the largest contributor, followed by the wholesale and retail industry that was responsible for 9.4 . The corporate sector in China accounted for a large proportion of total debt at more than 160% of GDP, according to BIS data. However, the ongoing trade war between the US and China had a negative impact on the fencing market, which is expected to be short-term. It was by far the largest contributor, followed by the wholesale and retail. Updated January 12, 2021 China's Economy: Current Trends and Issues China emerged in June 2020 as the first major country to announce a return to economic growth since the outbreak of the COVID-19 pandemic. The economy of the People's Republic of China is a developing market-oriented mixed economy that incorporates economic planning through industrial policies and strategic five-year plans.Dominated by state-owned enterprises (SOEs) and mixed-ownership enterprises, the economy also consists of a large domestic private sector and openness to foreign businesses in a system described as a socialist . From 2021-2025, R&D spending will be ramped up by more than 7% every year, with expenditures "expected to account for a higher percentage of GDP" than that during the 13 th FYP period. However, GDP growth for 2021 is still set to reach its target of 6 percent. Hong Kong (CNN Business) Factories in China are struggling at a time when the world's second largest economy has to contend with yet another concern: a . This year, China will increase its . product (GDP) growth in the second quarter and 4.9% GDP growth in the third quarter of 2020. None. Similar values. This differs slightly from the last three quarters of 2020, where ten of eleven sectors were positive. Today, China is the world's second largest economy, making up 16% of $86 trillion global GDP in nominal . Published by C. Textor , Nov 12, 2021 In 2020, the industrial sector generated almost 30.8 percent of China's GDP. China was the second-largest economy in the world, with a GDP of $14,140.1 billion in 2019, after the US. The latest indicators may at first glance appear to paint a dire picture for China's economy going into the second half of 2021 and 2022. Highest values. China: A Credit Rating Crisis For Property Firms December 29, 2021 In 2020, the Chinese government acted to tamp down the sector's exuberance with its so-called "three red lines" policy, designed to limit developers' financing and control new debt-related risks. GDP Annual Growth Rate in China averaged 9.23 percent from 1989 until 2021, reaching an all time high of 18.30 percent in the first quarter of 2021 and a record low of -6.80 percent in the first quarter of 2020. However, Iris Pang, chief Greater China economist at ING, is more upbeat: "We are revising our China GDP growth forecast down to 4.3% year-on-year for the fourth quarter of this year from 4.5% year-on-year, after the release of this latest data, although our full-year GDP forecast stays at 8.9%. GDP From Manufacturing in China increased to 267640.10 CNY HML in the third quarter of 2021 from 174606 CNY HML in the second quarter of 2021. Chinese leaders in 2010 pledged to double China's GDP by 2020, and the 13th Five Year Plan includes annual economic growth targets of at least 6.5% through 2020 to achieve that goal. Investment eased in both public (3.0 percent vs 4.1 percent January-October) and private sectors (7.7 percent vs 8.5 percent), reflecting sporadic COVID-19 cases. China is a growing influence on other developing economies through trade, investment, and ideas. However, GDP growth for 2021 is still set to reach its target of 6 percent. This page provides - China Gdp From . China crossed the $1 trillion mark in 1998, while India crossed nine years later in 2007 on an exchange rate basis. The economy of the People's Republic of China is a developing market-oriented mixed economy that incorporates economic planning through industrial policies and strategic five-year plans.Dominated by state-owned enterprises (SOEs) and mixed-ownership enterprises, the economy also consists of a large domestic private sector and openness to foreign businesses in a system described as a socialist . This is based on the expectation that there . The Global X China Sector Report: Q1 2021 can be viewed here. China. GDP of the Industry sector is $560.97 billion, and world rank is 6. In recent years, China has renewed its support for state-owned enterprises in sectors considered important to "economic security," explicitly looking to foster . License : CC BY-4.0. In 1987, the GDP (Nominal) of both countries was almost equal; even in ppp terms, China was slightly ahead of India in 1990. Meanwhile, government debt made up the largest share of total debt in . This page provides - China Gdp From . A breakdown of the data showed the output of the primary industry went up 3 percent in 2020, overshadowing a 2.6-percent ascent in the secondary industry and a 2.1-percent rise logged in the tertiary sector. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about China economic outlook, debt to GDP ratio, international trade performance and . View a high-resolution version of this graphic here. Rise in E-Commerce Sector to Boost the CEP Market in China With around USD 1.5 billion revenue projected in 2025, the e-commerce market in China is the largest in the world. On a ppp basis, the GDP of China is 2.61x of India. In 2018, the agricultural sector had contributed around 7.2 percent to the GDP of China, whereas the industry added 41 percent of . This year, China will increase its . The corporate sector in China accounted for a large proportion of total debt at more than 160% of GDP, according to BIS data. Same region. GDP From Manufacturing in China averaged 79553.13 CNY HML from 1992 until 2021, reaching an all time high of 313071.10 CNY HML in the fourth quarter of 2020 and a record low of 2207.80 CNY HML in the first quarter of 1992. China's GDP grew 2.3 percent in 2020, the only major economy to see positive growth Updated 11:41, 28-Feb-2021 CGTN Share China's economy grew by 2.3 percent year on year in 2020, the National Bureau of Statistics (NBS) said in a statement on Sunday. Updated 10:45 AM ET, Thu September 30, 2021. This page provides - China Gdp From . Line Bar Map. GDP From Agriculture in China averaged 17419.10 CNY HML from 1992 until 2021, reaching an all time high of 77754.10 CNY HML in the fourth quarter of 2020 and a record low of 649.30 CNY HML in the first quarter of 1992. The growth momentum is slowing reflecting the lagged impact of policy and macroprudential tightening, floods and the recent Delta outbreak. India is way behind China, which has $991 bn GDP in the agriculture sector. Meanwhile, government debt made up the largest share of total debt in . World Bank national accounts data, and OECD National Accounts data files. Aggregates. World Bank national accounts data, and OECD National Accounts data files. From 2021-2025, R&D spending will be ramped up by more than 7% every year, with expenditures "expected to account for a higher percentage of GDP" than that during the 13 th FYP period. The International Monetary Fund (IMF) projects Now in 2021, China's gdp is 5.46 times higher than India. China's economic recovery in H2 2021 The latest indicators may at first glance appear to paint a dire picture for China's economy going into the second half of 2021 and 2022. India's world rank is eight in the Services sector, and its GDP is $1500 billion. Chart: 70 Years of China's Economic Growth. GDP (current US$) - China. Like previous years, the first day of the new NPC session was highlighted by the widely anticipated announcement of China's 2021 defense budget, which was set at 1.36 trillion yuan, a 6.8 percent increase from the 1.27 trillion yuan budget set last year. The growth momentum is slowing reflecting the lagged impact of policy and macroprudential tightening . GDP From Construction in China averaged 13704.67 CNY HML from 1992 until 2021, reaching an all time high of 72995.70 CNY HML in the fourth quarter of 2020 and a record low of 181.90 CNY HML in the first quarter of 1992. China Economic Growth Growth should ease in 2022 relative to 2021 on a tougher base effect, a likely export slowdown, restrictions on polluting industries during the Olympics and regulatory uncertainty. However, activity should still speed up from Q4's lull amid targeted policy easing. China's slower pace of economic recovery "is still clouded with uncertainties and unbalanced growth, as employment, household income, consumption, manufacturing investment, the service sector and . GDP From Services in China averaged 110254.77 CNY HML from 1992 until 2021, reaching an all time high of 553976.80 CNY HML in the fourth quarter of 2020 and a record low of 2212.70 CNY HML in the first quarter of 1992. The annual meeting of the National People's Congress (NPC) began on Friday, March 5, in Beijing. China is home to the largest online community in the world. Highest values. China's fixed-asset investment advanced 5.2 percent year-on-year to CNY 49.41 trillion in January to November of 2021, below market consensus of 5.4 percent and after a 6.1 percent rise in the previous period. Similar values. China GDP From Agriculture/ Primary Industry GDP From Agriculture in China increased to 51430.10 CNY HML in the third quarter of 2021 from 28402 CNY HML in the second quarter of 2021. source: National Bureau of Statistics of China 3Y 10Y 25Y MAX Chart Compare Export API Embed China GDP From Agriculture/ Primary Industry License : CC BY-4.0. From agrarian economy to global superpower in half a century—China's transformation has been an economic success story unlike any other. GDP in China averaged 2576.68 USD Billion from 1960 until 2020, reaching an all time high of 14722.73 USD Billion in 2020 and a record low of 47.21 USD Billion in 1962. GDP (current US$) - China. By 2025, the government aims to have the digital economy account for about 10% of China's newly added economic output. The report provides macro-level and sector-specific insights across the eleven major economic sectors in China's equity markets. 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