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From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching a historical high of 15.2% in 1984 and a record low of 3.8% in 1990. Based on the current price, the country's average annual GDP growth in these 32 years was 15.8%, reaching an historical high of 36.41% in 1994 and a record low of 6.25% in 1999.
In 2021, China's GDP growth reached 8.1% (its highest in a decade) and its trade surplus reached an all-time high $687.5 billion. [18] The China–United States trade war begun under US president Donald Trump resulted in increased economic ties between China and the European Union, largely resulting from resulting shifts in commodity flows. [54]
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person taking into account the changing population of the country.
Gross domestic product (GDP) grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the estimate of 4.6% growth from a Reuters poll ...
China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target.
Notably, China has reported just a modest slowdown in real GDP growth from pre-pandemic levels — from 5.2% in 2023 to 4.8% on a year-to-date basis by the third quarter of 2024 — but ...
According to a 2019 research paper published by the Brookings Institution adjusting the historical GDP time series using value-added tax data, which the authors said are "highly resistant to fraud and tampering", [122] [123] China's economic growth may have been overstated by 1.7 percent each year between 2008 and 2016, meaning that the ...
* China has unveiled fiscal and monetary policy measures in a bid to achieve what analysts have described as an ambitious 2024 growth target, noting that last year's growth rate of 5.2% was likely ...