Goldman Sachs's chief Chinese economist Shing Hui predicts in his latest opinion that China's GDP growth rate will reach 4.8% in 2024, which is higher than the 4.6% economic growth forecast given by the International Monetary Fund (IMF). She said that the 4.8% forecast mainly comes from ...
The GDP growth target for this year was set after the Chinese economy showed solidity and resilience in 2023 by recording year-on-year growth of 5.2%. “In setting the growth rate at around 5%, we have taken into a...
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 ...
BEIJING, July 17 (TiPost) – China’s gross domestic product (GDP) growth accelerated to 6.3% year-on-year in the second quarter of 2023, albeit slightly below market expectations. The growth is attributed to a low year-on-year growth rate of 0.4% in the same period in 2022 and suppor...
GDP growth of 5.3% in the first quarter was mainly driven by a rebound in the industrial sector and an improvement in the service sector, said Sheng. The primary sector grew 3.3% year over year to 1.15 trillion yuan, the secondary sector surged by 6.0% to 11 trillion yuan and the third...
product, grew by around 5.1% in 2023, ahead of the round 5% official annual target set at the start of the year, Chinese Premier Li Qiang said at the World Economic Forum (WEF) Annual Meeting 2024 in Davos, Switzerland on Tuesday, a day earlier than the official release of GDP that ...
The government is aiming for economic growth of around 5.0% for 2024, a target that many analysts believe is ambitious and may require more stimulus. On a quarter-by-quarter basis, GDP grew 1.6% in January-March, above expectations for a 1.4% rise and compared with a revised 1.2% gain ...
According to a report by the Center for Forecasting Science at the Chinese Academy of Sciences, China's economy will maintain steady growth in 2024 with an estimated GDP growth rate of around 5.3 percent.
BEIJING, March 5 (Xinhua) -- China seeks to achieve a GDP growth rate of around 5 percent for 2024, the latest signal that the world's second-largest economy is committed to high-quality development despite uncertainties at home and abroad. ...
The Gross Domestic Product (GDP) in China expanded 4.5 % YoY in Mar 2023, following a growth of 2.9 % in the previous quarter. Real GDP Growth YoY data in China is updated quarterly, available from Mar 1992 to Mar 2023, with an average rate of 8.8 %. The data reached an all-tim...