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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.
The figures are from the International Monetary Fund 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 growth rate of GDP per person recalculated according to the changing number of the population of the country.
China's was the only major world economy to experience GDP growth in 2020, when its GDP increased by 2.3%. [ 95] However, it posted one of its worst economic performances in decades because of COVID-19 in 2022. [ 96] In 2023, IMF predicted China to continue being one of the fastest growing major economies. [ 97]
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 ...
On a quarter-by-quarter basis, GDP grew 1.3% in the third quarter, accelerating from a revised 0.5% in the second quarter and above the forecast for growth of 1.0%.
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. Chinese stocks largely shrugged off the better ...
[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.
The Chinese economy grew 5.3% year-on-year in the first quarter of the year, according to data from the National Bureau of Statistics. That figure beat economist expectations of around 4.2% to 4.8%.