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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.
China's was the only major world economy to experience GDP growth in 2020, when its GDP increased by 2.3%. [97] However, it posted one of its worst economic performances in decades because of COVID-19 in 2022. [ 98 ]
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. ... China has set an annual growth target of around 5% ...
The bank raised its full-year China GDP forecast to 4.9% from 4.7% and also upped its 2025 growth prediction to 4.7% from 4.3%. Beijing has previously said it's aiming for an annual growth target ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
China’s economy grew 5.2% in 2023, officials said Wednesday, as they resumed reporting the unemployment rate for young people. ... bringing 2023 growth to 5.2%. GDP for the last three months of ...
The bank forecasts China's economic growth will slow to 4.3% next year, down from a forecasted 4.8% for 2024. Growth in East Asia and the Pacific, meanwhile, will slow to 4.4% in 2025 from about 4 ...
China is one of the world's fastest-growing major economies, [281] with its economic growth having been almost consistently above 6 percent since the introduction of economic reforms in 1978. [282] According to the World Bank, China's GDP grew from $150 billion in 1978 to $17.96 trillion by 2022. [ 283 ]