However, by the current growthtrajectory, China’s average economic growth rate is expected to stay at approximately 3.8% over the period between 2020-2035. This makes the GDP per capita growthtarget hard to achieve. Even...
The forecast for 2023 is 0.2 percentage point lower than the July forecast, the weakest rate since the 2.5 percent growth during the global slowdown of 2001 — with the exception of the growth rates during the global financial c...
In setting the target, the need to boost employment and incomes and prevent and defuse risks have been taken into account, and the growth rate is well aligned with the objectives of the 14th Five-Year Plan, according to a government work report awaiting approval by the national legislature. ...
In addition, changes in the external environment have created a unique opportunity for China to adjust its monetary policy stance. In September, the US Federal Reserve announced a 50-bp cut to its benchmark interest rate, the first reduction in borrowing costs since March 2020. Wall Street inve...
Although China's economic growth rate in 2020 is only 2.3%, in the opinion of the researchers at ANBOUND, it is more significant than the 3% rate in 2022. First, 2019 is a normal year, where the base of economic growth is relatively high. Second, due to the impact of the pandemic in...
In 2021, the number of newly-added market entities went up 15.4 percent to top 28.87 million. The growth rate was 10.2 percentage points higher than the level registered in 2020. Some 25,000 new enterprises were registered daily during the period, and the total number of market entities reach...
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-time high of 18.7 % in Mar 2021 and a record low of -6.9 % in Mar 2020. ...
Then, as a result of the COVID-19 pandemic, the U.S. GDP dropped. The U.S. experienced a negative growth rate of -0.7% in Q1 2020 and -8.8% in Q2 2020. Between then and Q2 2023, the U.S. once again experienced positive economic growth rate.2 In statistics, growth rates can b...
By adhering to the dynamic zero-COVID policy, China was among the first countries to bring the epidemic under control and return to positive growth in 2020 and logged a growth rate of 8.1 percent in 2021. As a result of a precise reaction to the virus and a slew of pro-growth ...
Four-quarter or year-over-year growth rate: This compares a single quarter’s GDP from two successive years as a percentage. It's often used by businesses to offset the effects of seasonal variations. Annual average growth rate: This is the average of changes in each of the four quarters....