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China GDP

“Non-medical exports, medium-low end consumption, core CPI inflation are some examples of areas of the economy which remain weak.”While policy makers are “aware of the dangers of over tightening,” policy is also swayed more by headline numbers, said Song and the team.
Providing some home for global economies, China on Thursday reported better-than-expected growth figures as the country fought back from a COVID-19 induced rout. str/Agence France-Presse/Getty Images The gross domestic product (GDP) measures of national income and output for a given country's economy. “No matter how much stimulus and fiscal sugar you try to entice consumers with, they will not leave their apartment and go on a spending spree until they feel confident the landscape is virus-free,” said Innes. But Yu Song and a team of Goldman analysts said the downside to this strong data is that it will “reduce pressures for a more dovish policy.” “We see increased downside risks to our 2H forecast as policy started to turn less supportive,” said the Goldman team. Current USD World Bank national accounts data, and OECD National Accounts data files. GDP (current US$) - China. This article also includes historical GDP growth. This article includes a list of China's historical gross domestic product (GDP) values (with the latest to reach US$14.1 trillion for 2019 ), the market value of all final goods and services produced by a nation in a given year. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. But picking apart the data, analysts warned that there are struggles beneath the surface, and the likelihood of a tougher second half. The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP) calculations. The Gross Domestic Product (GDP) in China was worth 14342.90 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. 10Y 25Y According to a breakdown by Goldman Sachs analysts, industrial production rose 4.8% in June from a year ago, beating the bank’s own forecast of 5.2%, while retail sales fell 1.8%, falling short of a consensus estimate of growth of 0.5% and fixed asset investment fell 3.1%, slightly beating forecasts for a drop of 3.3%. Goldman said the overall beat on the data was down to four factors: the economy saw “much less drag” from the virus, which the government more or less has had under control since the early-year outbreak; the policy stance was supportive before June; exports growth was better than expected, and agriculture and financial sectors saw strong growth. While that could bode well for the global post-coronavirus recovery, the … Vaccine-driven optimism drove a rally for global equities on Wednesday, but the action was The hit Nintendo game now lets players post virtual Biden-Harris campaign signs in their virtual yardsBarbara Kollmeyer is an editor for MarketWatch in Madrid. China GDP (Gross Domestic Product) was INT$23,102.44billion for 2019 in PPP terms. China GDP Per Capita 1980-2020 The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

IMF estimates China GDP to reach $14.2 trillion during 2019 and $15.5 trillion during 2020.
China nominal GDP reached $13.4 trillion during 2018. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Follow her on Twitter @bkollmeyer.

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Stephen Innes, chief global markets strategist at AxiCorp, said while China’s headline number on growth is “unambiguously positive” for risk sentiment, it’s “what’s under the hood that matters most.” He said the data shows how a government can “normalize the supply side of the economy” with industrial production growth, rather than demand with retail sales dropping after the COVID-19 shock. The GDP value of China represents 11.81 percent of the world economy. China's economy is growing again after its worst three-month period in decades. …

The chart below provides China GDP data from 1980 to 2020. First, the details: Second-quarter GDP expanded 3.2% from a year ago, beating an analyst consensus estimate of 2%, and surging back from a 6.8% rout in the first quarter.

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