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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 ]
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%. [17] 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. [17]
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 International Monetary Fund on Wednesday downgraded its 2023 and 2024 growth forecasts for the Asian giant, saying the property slowdown could cause China's GDP to decline.
China has set an ambitious economic expansion target of “around 5%“ for 2024, as its leaders vowed to “transform the growth model” in the face of significant challenges facing its development.
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 ...
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 recalculated according to the changing number of the population of the country.