In the second quarter of 2025, the growth of the real gross domestic product (GDP) in China ranged at *** percent compared to the same quarter of the previous year. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. GDP growth in China In 2024, China ranged second among countries with the largest gross domestic product worldwide. Since the introduction of economic reforms in 1978, the country has experienced rapid social and economic development. In 2013, it became the world’s largest trading nation, overtaking the United States. However, per capita GDP in China was still much lower than that of industrialized countries. Until 2011, the annual growth rate of China’s GDP had constantly been above nine percent. However, economic growth has cooled down since and is projected to further slow down gradually in the future. Rising domestic wages and the competitive edge of other Asian and African countries are seen as main reasons for the stuttering in China’s economic engine. One strategy of the Chinese government to overcome this transition is a gradual shift of economic focus from industrial production to services. Challenges to GDP growth Another major challenge lies in the massive environmental pollution that China’s reckless economic growth has caused over the past decades. China’s development has been powered mostly by coal consumption, which resulted in high air pollution. To counteract industrial pollution, further investments in waste management and clean technologies are necessary. In 2017, about **** percent of GDP was spent on pollution control. Surging environmental costs aside, environmental issues could also be a key to industrial transition as China placed major investments in renewable energy and clean tech projects. The consumption of green energy skyrocketed from **** exajoules in 2005 to **** million in 2022.

The Gross Domestic Product (GDP) in China expanded 1.10 percent in the second quarter of 2025 over the previous quarter. This dataset provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in China expanded 5.20 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Next Quarter: External Trade: Exports data was reported at 0.112 % Point in Mar 2025. This records an increase from the previous number of -0.114 % Point for Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Next Quarter: External Trade: Exports data is updated monthly, averaging 0.019 % Point from Oct 2024 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 0.112 % Point in Mar 2025 and a record low of -0.114 % Point in Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Next Quarter: External Trade: Exports data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s National Accounts – Table CN.AJ: Gross Domestic Product: Nowcast: Next Quarter. China GDP releases in January for Q4, April for Q1, July for Q2 and October for Q3. 'Next Quarter' during periods between - October release to January release refers to Q1 GDP data estimate; January release to April release refers to Q2 GDP data estimate; April release to July release refers Q3 GDP data estimate; July release to October release refers to Q4 GDP data estimate.

According to a median projection in July 2025, China's GDP was expected to grow by *** percent in 2025. In the first quarter of 2020, the second-largest economy recorded the first contraction in decades due to the epidemic.  A root-to-branch shutdown of factories To curb the spread of the virus, the Chinese government imposed a lockdown in Wuhan, the epicenter, and other cities in Hubei province on January 23, 2020. A strict nationwide lockdown soon followed. Many factories remained closed in February, resulting in a plunge in manufacturing Purchasing Managers' Index (PMI). The shutdown of the “world’s factory” had severely disrupted global supply chains, especially automobile production. In March 2020, very few industrial sectors reported positive production growth.  The pharmaceuticals sector recorded a production increase, which was mainly driven by the global demand for vital medical supplies. China had exported over seven billion yuan worth of face masks. Ripple effects on global tourism Apart from the manufacturing industry, the prolonged closures of business had caused significant losses in various sectors in China. The travel and tourism sector was massively affected by a drastic decline in flight ticket sales  and hotel occupancy rates. The domestic tourism market expects a loss of 20 percent in revenues for 2020. Industry experts predicted that the global travel and tourism industry could lose about *** trillion U.S. dollars in that year. 

CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market data was reported at 0.035 % Point in Mar 2025. This records an increase from the previous number of -0.075 % Point for Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market data is updated monthly, averaging 0.063 % Point from Oct 2024 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 0.150 % Point in Nov 2024 and a record low of -0.075 % Point in Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s National Accounts – Table CN.AJ: Gross Domestic Product: Nowcast: Current Quarter. China GDP releases in January for Q4, April for Q1, July for Q2 and October for Q3. 'Next Quarter' during periods between - October release to January release refers to Q1 GDP data estimate; January release to April release refers to Q2 GDP data estimate; April release to July release refers Q3 GDP data estimate; July release to October release refers to Q4 GDP data estimate.

CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Transportation: Passenger Turnover data was reported at -0.026 % Point in Mar 2025. This records a decrease from the previous number of 0.004 % Point for Dec 2024. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Transportation: Passenger Turnover data is updated monthly, averaging -0.001 % Point from Oct 2024 (Median) to Mar 2025, with 4 observations. The data reached an all-time high of 0.028 % Point in Nov 2024 and a record low of -0.026 % Point in Mar 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Transportation: Passenger Turnover data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s National Accounts – Table CN.AJ: Gross Domestic Product: Nowcast: Current Quarter. China GDP releases in January for Q4, April for Q1, July for Q2 and October for Q3. 'Next Quarter' during periods between - October release to January release refers to Q1 GDP data estimate; January release to April release refers to Q2 GDP data estimate; April release to July release refers Q3 GDP data estimate; July release to October release refers to Q4 GDP data estimate.

CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market: Real Estate Investment data was reported at -0.028 % Point in Mar 2025. This records an increase from the previous number of -0.083 % Point for Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market: Real Estate Investment data is updated monthly, averaging -0.051 % Point from Oct 2024 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 0.102 % Point in Dec 2024 and a record low of -0.126 % Point in Jan 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market: Real Estate Investment data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s National Accounts – Table CN.AJ: Gross Domestic Product: Nowcast: Current Quarter. China GDP releases in January for Q4, April for Q1, July for Q2 and October for Q3. 'Next Quarter' during periods between - October release to January release refers to Q1 GDP data estimate; January release to April release refers to Q2 GDP data estimate; April release to July release refers Q3 GDP data estimate; July release to October release refers to Q4 GDP data estimate.

CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Transportation: Freight Traffic data was reported at 0.138 % Point in Mar 2025. This records an increase from the previous number of 0.111 % Point for Dec 2024. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Transportation: Freight Traffic data is updated monthly, averaging 0.115 % Point from Oct 2023 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 0.138 % Point in Mar 2025 and a record low of 0.026 % Point in Oct 2024. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Transportation: Freight Traffic data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s National Accounts – Table CN.AJ: Gross Domestic Product: Nowcast: Current Quarter. China GDP releases in January for Q4, April for Q1, July for Q2 and October for Q3. 'Next Quarter' during periods between - October release to January release refers to Q1 GDP data estimate; January release to April release refers to Q2 GDP data estimate; April release to July release refers Q3 GDP data estimate; July release to October release refers to Q4 GDP data estimate.

CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market: Residential Property Prices data was reported at -0.033 % Point in Mar 2025. This records a decrease from the previous number of -0.016 % Point for Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market: Residential Property Prices data is updated monthly, averaging -0.011 % Point from Oct 2024 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 0.195 % Point in Jan 2025 and a record low of -0.033 % Point in Mar 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Current Quarter: Property Market: Residential Property Prices data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s National Accounts – Table CN.AJ: Gross Domestic Product: Nowcast: Current Quarter. China GDP releases in January for Q4, April for Q1, July for Q2 and October for Q3. 'Next Quarter' during periods between - October release to January release refers to Q1 GDP data estimate; January release to April release refers to Q2 GDP data estimate; April release to July release refers Q3 GDP data estimate; July release to October release refers to Q4 GDP data estimate.

The Gross Domestic Product (GDP) in India expanded 7.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about China Consolidated Fiscal Balance: % of GDP

• China Consolidated Fiscal Balance recorded a deficit equal to 4.8 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.9 % in the previous quarter
• China Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1995 to Dec 2024, with an average ratio of -2.0 %
• The data reached an all-time high of 1.4 % in Jun 2008 and a record low of -6.1 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance provides year-to-date Consolidated Fiscal Balance in local currency. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP prior to Q4 2007 is calculated from non year-to-date Consolidated Fiscal Balance.


Further information about China Consolidated Fiscal Balance: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023