What is the real GDP growth rate of China in 2020?

What is the real GDP growth rate of China in 2020?

*** The GDP growth rate for 2020 has been revised to 2.2 percent from formerly 2.34 percent, according to final annual data released by the National Bureau of Statistics of China on December 17, 2021.

What percent of GDP is the auto industry in China?

The annual gross product of the China’s automobile industry has exceeded 5% of the country’s annual GDP every year since 2002, and was as high as 7.4% of its GDP in 2010.

What is China’s current GDP 2021?

US$17.7 trillion
China’s Most Productive Provinces and Cities as per 2021 GDP Statistics. China’s GDP in 2021 reached RMB 114.4 trillion (US$17.7 trillion), showing an increase of about RMB 13 trillion (US$3 trillion) compared to 2020, or 8.1 percent growth year-on-year, according to the National Bureau of Statistics (NBS).

Will Chinas GDP continue to grow?

China’s GDP should grow 5.7 percent per year through 2025 and then 4.7 percent annually until 2030, British consultancy Centre for Economics and Business Research (CEBR) forecasts. Its forecast says that China, now the world’s second-largest economy, would overtake the No. 1-ranked U.S. economy by 2030.

What is China’s GDP right now?

China Economy Data

2015 2018
Population (million) 1,375 1,395
GDP per capita (USD) 7,945 9,916
GDP (USD bn) 10,922 13,837
Economic Growth (GDP, annual variation in %) 7.0 6.7

What will drive China’s auto market growth in 2020?

percent by 2020. We observe three factors that will drive the growth of China’s auto market: rise to 60 percent in 2020, from 51 percent in 2011. year — will expand greatly, to 58 percent in 2020, from 17 percent in 2011.

What is the GDP growth rate of China in 2020?

GDP Growth Rate in China averaged 1.74 percent from 2010 until 2021, reaching an all time high of 10.10 percent in the second quarter of 2020 and a record low of -9.30 percent in the first quarter of 2020.

How much did China’s economy grow in 2021?

Considering the first three quarters of the year, the economy grew 9.8 percent from a year earlier, with final consumption accounting for 64.8 percent of GDP growth. For 2021, China has set an economic growth target of above 6% after growing the least in over four decades in 2020. source: National Bureau of Statistics of China

What is the long-term economic growth rate of China?

In the long-term, the China GDP Growth Rate is projected to trend around 1.10 percent in 2022 and 1.30 percent in 2023, according to our econometric models.