Over the course of January, the local statistics bureaus of China’s 31 mainland provinces, municipalities, and autonomous regions (hereinafter collectively referred to as “provinces”) have released local economic data for 2023. The data, which includes nominal GDP, GDP growth rates, and...
In a breakdown, industrial output climbed 5.8 percent compared with a year earlier in the first nine months, as robust increases were seen in equipment and high-tech manufacturing industries. The service sector reported continued re...
In a breakdown, industrial output climbed 5.8 percent compared with a year earlier in the first nine months, as robust increases were seen in equipment and high-tech manufacturing industries. The service sector reported continued re...
BEIJING, Oct. 18 (Xinhua) -- China's gross domestic product (GDP) grew 4.8 percent year on year in the first three quarters of 2024, data from the National Bureau of Statistics (NBS) showed Friday. The GDP reached around 94.97 trillion yuan (about 13.33 trillion U.S. dollars) in the ...
Shortly after China released its Q1 statistics, Singapore consumer bank DBS announced it would revise up its 2024 GDP growth forecast for China from 4.5 percent to 5 percent. China's Q1 expansion was driven by robust services sector growth and export demand. Additionally, domestic infrastructure an...
In the first half of the year, the country's value-added industrial output, an important economic indicator, increased by 6 percent year on year, according to the NBS data. A breakdown of the data shows that the output of the equipment manufacturing sector, which took up one-third of the...
Besides improvement in the headline GDP data, a breakdown also showed optimization in economic drivers, with final consumption contributing to 77.2 percent of economic growth in the first half. The readings came after various international institutions revised their forecasts for China's economic growth...
The Q1 GDP growth was compared with a 5.2-percent overall growth registered in 2023 and above the annual growth target of around 5 percent set for this year. On a quarterly basis, the economy expanded 1.6 percent in the first three months of the year, growing for seven consecutive quarters...
A breakdown of Monday's data showed that value-added industrial output by major industrial firms jumped 4.8 percent year on year in the third quarter, 4.1 percentage points faster than that in the second quarter. With economic activities generally perking up, China's consumer market has warmed ...
The government set the fiscal budget deficit at 3% of GDP for 2024. This is lower than the revised deficit of 3.8% in 2023, but the same as the 3% target initially announced last year. The target may indicate Beijing’s caution over debt sustainability, as policymakers...