The graph shows China's share in global gross domestic product adjusted for purchasing-power-parity until 2024, with a forecast until 2030. In 2024, China's share was about 19.45 percent. China's global GDP share Due to the introduction of capitalist market principles in 1978, China's economic market began to show immense change and growth. China's real GDP growth ranged at 5.0 percent in 2024. China's per capita GDP is also expected to continue to grow, reaching 13,300 U.S. dollars in 2024. Comparatively, Luxembourg and Switzerland have some of the world’s largest GDP per capita with 141,100 U.S. dollars and 111,700 U.S. dollars, respectively, expected for 2025.China is the largest exporter and second largest importer of goods in the world and is also among the largest manufacturing economies. The country also ranges among the world's largest agricultural producers and consumers. It relies heavily on intensive agricultural practices and is the world's largest producer of pigs, chickens, and eggs. Livestock production has been heavily emphasized since the mid-1970s. China’s chemical industry has also seen growth with a heavy focus on fertilizers, plastics, and synthetic fibers. China's use of chemical fertilizers amounted to approximately 50.2 million metric tons in 2023. GDP composition in China Industry and construction account for less than 40 percent of China's GDP. Some of the major industries include mining and ore processing, food processing, coal, machinery, textiles and apparel, and consumer products. Almost half of China's output is dedicated to investment purposes. However, as the country tends to support gross output, innovation, technological advancement, and even quality are often lacking.

Industry (including construction), value added (% of GDP) in China was reported at 36.48 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 3.95 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.

GDP from Manufacturing in China decreased to 98344.50 CNY Hundred Million in the first quarter of 2025 from 405442.10 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Services in China decreased to 195142.30 CNY Hundred Million in the first quarter of 2025 from 765582.50 CNY Hundred Million in the fourth quarter of 2024. This dataset provides - China Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China's digital economy has been growing rapidly in recent years. In 2023, the economy reached a size of nearly ** trillion yuan, registering a nominal year-on-year growth of **** percent, much higher than the country's nominal GDP growth at *** percent. The digital economy accounted for around ** percent of China's GDP.

China Industrial Enterprise: Selling & Distribution Cost data was reported at 3,092,440.000 RMB mn in 2018. This records a decrease from the previous number of 3,134,383.000 RMB mn for 2017. China Industrial Enterprise: Selling & Distribution Cost data is updated yearly, averaging 1,413,742.000 RMB mn from Dec 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 3,134,383.000 RMB mn in 2017 and a record low of 298,579.000 RMB mn in 2000. China Industrial Enterprise: Selling & Distribution Cost data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BF: Industrial Financial Data.

China Industrial Enterprise: Current Asset data was reported at 92,037.690 RMB bn in Mar 2025. This records an increase from the previous number of 90,242.820 RMB bn for Feb 2025. China Industrial Enterprise: Current Asset data is updated monthly, averaging 36,986.233 RMB bn from Dec 1998 (Median) to Mar 2025, with 290 observations. The data reached an all-time high of 92,515.880 RMB bn in Nov 2024 and a record low of 4,374.037 RMB bn in Mar 1999. China Industrial Enterprise: Current Asset data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OE: Industrial Enterprise.

In 2023, the construction industry in China generated an added value of approximately 8.6 trillion yuan.China's leadership in global construction marketWith total construction spending amounting to 1.78 trillion U.S. dollars in 2013, China was by far the largest construction market worldwide. The world’s six largest construction companies in 2023 were all from China. The largest construction company in the world, the China State Construction Engineering Corporation (CSCEC), had generated revenues of exceeding two trillion yuan in 2022. How important is construction in China? The success of China’s construction industry is closely linked to domestic urbanization efforts and economic development. Thus, it is not surprising that eastern coastal provinces such as Jiangsu or Zhejiang had been among the regions with the highest construction industry revenue in China.The construction industry account for a large proportion of China’s GDP and hence plays an essential role in domestic economy. Added value from the construction industry in China has been increasing by at least 3.5 percent annually in the recent decade, ranging above the average level of China’s GDP growth during the same period. Another significant sector, residential real estate development has been seen as a main driver of China’s economy in the recent decade. Around 693 million square meters of floor space had been built in 2023.

China Energy Consumption: Industry: Manufacturing data was reported at 3,070.860 SCE Ton mn in 2022. This records an increase from the previous number of 2,930.650 SCE Ton mn for 2021. China Energy Consumption: Industry: Manufacturing data is updated yearly, averaging 1,364.079 SCE Ton mn from Dec 1985 (Median) to 2022, with 37 observations. The data reached an all-time high of 3,070.860 SCE Ton mn in 2022 and a record low of 434.600 SCE Ton mn in 1985. China Energy Consumption: Industry: Manufacturing data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBB: Energy Consumption.

The China industrial hoses market is poised for steady growth, with its market value expected to increase from USD 1.3 billion in 2025 to USD 2.1 billion by 2035, registering a CAGR of 5.3% over the forecast period. The expansion of key industries, including manufacturing, construction, automotive, and oil & gas, is driving demand for industrial hoses. Advancements in materials and hose technologies, alongside stringent safety and environmental regulations, are shaping the market's evolution.

Metric	Value
Industry Size (2025E)	USD 1.3 billion
Industry Value (2035F)	USD 2.1 billion
CAGR (2025 to 2035)	5.3%

China Industrial Hoses Market Analysis by Top Investment Segments

Product Type Segment	CAGR (2025 to 2035)
Tank Water Hoses	6.2%

Application Segment	CAGR (2025 to 2035)
Water Tankers	6.0%

Country - Wise Analysis

Province	CAGR (2025 to 2035)
Guangdong	5.6%

Province	CAGR (2025 to 2035)
Jiangsu	5.4%

Province	CAGR (2025 to 2035)
Zhejiang	5.2%

Province	CAGR (2025 to 2035)
Shandong	5.3%

Province	CAGR (2025 to 2035)
Sichuan	5.1%

In 2023, the total contribution of the travel and tourism industry accounted for around 7.3 percent of China's total GDP. This equaled to more than 9.2 trillion yuan or approximately 1.3 trillion U.S. dollars. Travel and tourism industry's contribution to the country's GDP was estimated to increase to 9.6 percent in 2024.

Industrial production, annual percent change in China, May, 2025 The most recent value is 5.8 percent as of May 2025, a decline compared to the previous value of 6.1 percent. Historically, the average for China from August 1998 to May 2025 is 10.17 percent. The minimum of -13.5 percent was recorded in February 2020, while the maximum of 35.1 percent was reached in January 2021. | TheGlobalEconomy.com

Capacity Utilization in China decreased to 74.10 percent in the first quarter of 2025 from 76.20 percent in the fourth quarter of 2024. This dataset provides - China Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Industrial Production: Paper Product data was reported at 6,057.000 Ton th in Oct 2015. This records a decrease from the previous number of 6,540.000 Ton th for Sep 2015. China Industrial Production: Paper Product data is updated monthly, averaging 3,446.000 Ton th from Feb 2005 (Median) to Oct 2015, with 125 observations. The data reached an all-time high of 6,605.000 Ton th in Jun 2015 and a record low of 1,136.900 Ton th in Feb 2005. China Industrial Production: Paper Product data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BA: Industrial Production.

Employment in industry (% of total employment) (modeled ILO estimate) in China was reported at 31.84 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Employment in industry (% of total employment) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In the first quarter of 2025, the industrial capacity utilization in China ranged at **** percent. This was *** percentage points lower than in the previous quarter.

Historical chart and dataset showing China GDP by year from 1960 to 2023.

The graph shows per capita gross domestic product (GDP) in China until 2024, with forecasts until 2030. In 2024, per capita GDP reached around 13,300 U.S. dollars in China. That year, the overall GDP of China had amounted to 18.7 trillion U.S. dollars. Per capita GDP in China Gross domestic product is a commonly-used economic indicator for measuring the state of a country's economy. GDP is the total market value of goods and services produced in a country within a given period of time, usually a year. Per capita GDP is defined as the GDP divided by the total number of people in the country. This indicator is generally used to compare the economic prosperity of countries with varying population sizes.In 2010, China overtook Japan and became the world’s second-largest economy. As of 2024, it was the largest exporter and the second largest importer in the world. However, one reason behind its economic strength lies within its population size. China has to distribute its wealth among 1.4 billion people. By 2023, China's per capita GDP was only about one fourth as large as that of main industrialized countries. When compared to other emerging markets, China ranked second among BRIC countries in terms of GDP per capita. Future development According to projections by the IMF, per capita GDP in China will escalate from around 13,300 U.S. dollars in 2024 to 18,600 U.S. dollars in 2030. Major reasons for this are comparatively high economic growth rates combined with negative population growth. China's economic structure is also undergoing changes. A major trend lies in the shift from an industry-based to a service-based economy.

China Industrial Inventory: Agricultural & Sideline Food data was reported at 479.700 RMB bn in Oct 2018. This records an increase from the previous number of 468.870 RMB bn for Sep 2018. China Industrial Inventory: Agricultural & Sideline Food data is updated monthly, averaging 454.200 RMB bn from Jan 2012 (Median) to Oct 2018, with 82 observations. The data reached an all-time high of 514.060 RMB bn in Nov 2017 and a record low of 324.002 RMB bn in Feb 2012. China Industrial Inventory: Agricultural & Sideline Food data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BC: Inventory: by Industry.