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.

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 boasts the fastest growing GDP of all developed nations. Neighboring regions will have the largest middle class in history. China is building transport infrastructure to take advantage. Companies that capture market share in this region will be the largest and best performing over the next decade.

Macro Tailwinds

1) China GDP is the fastest growing of any major country with expected 5-6% over the next decade. If businesses (Alibaba, Tencent, etc..) maintain flat market share, that alone will drive 5-6% over the next decade. This is already higher than JP Morgans expectation (from their 13f filings) that the US market will perform between -5% and +5% over this coming decade.

2) The Southeast Asia Region contains about 5 billion people. China is constructing the One Best One Road which will be completed by 2030. This will grant their businesses access to the fastest and largest growing middle class in human history. Over the next 10+ years this region will be home to the largest middle class in history, potentially over 10x that of North America and Europe, based on stock price in Google Sheets.

Increasing average Chinese income.

Chinese average income has more than doubled over the last decade. Having sustained the least economic damage from the virus, this trend is expected to continue. At this pace the average Chinese citizen salary will be at 50% of the average US by 2030 (with stock price in Excel provided by Finsheet via Finnhub Stock Api), with the difference being there are 4x more Chinese. Thus a market potential of almost 2x the US over the next decade.

The Southeast Asia Region now contains the largest total number of billionaires, this number is expected to increase at an increasing rate as the region continues to develop. Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

2013 North America was home to the largest number of billionaires. This reversed with Asia over the following 5 years. This separation is expected to continue at an increasing rate. Why does this matter? Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

Companies that can easily access all customers in the world will perform best. This is good news for Apple, Microsoft, and Disney. Disney stock price in Excel right now is $70. But not for Amazon or Google which at first may sound contrary as the expectation is that Amazon "will take over the world". However one cannot do that without first conquering China. Firms like Alibaba and Tencent will have easy access to the global infrastructure being built by China in an attempt to speed up and ease trade in that region. The following guide shows how to get stock price in Excel.

We will explore companies using a:

1) Past

2) Present (including financial statements)

3) Future

4) Story/Tailwind

Method to find investing ideas in these regions. The tailwind is currently largest in the Asia region with 6%+ GDP growth according to the latest SEC form 4 from Edgar Company Search. This is relevant as investments in this region have a greater margin of safety; investing in a company that maintains flat market share should increase about 6% per year as the market growth size is so significant. The next article I will explore Alibaba (NYSE: BABA), and why I recently purchased a large position during the recent Ant Financial Crisis.

This data package includes the PIIE dataset to replicate the data and charts presented in The rise of US economic sanctions on China: Analysis of a new PIIE dataset by Martin Chorzempa, Mary E. Lovely, and Christine Wan, PIIE Policy Brief 24-14.

If you use the dataset, please cite as: Chorzempa, Martin, Mary E. Lovely, and Christine Wan. 2024. The rise of US economic sanctions on China: Analysis of a new PIIE dataset, PIIE Policy Brief 24-14. Washington, DC: Peterson Institute for International Economics.

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.

China Exports to United States was US$525.65 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Exports to United States - data, historical chart and statistics - was last updated on July of 2025.

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

China Export: Latin America: Honduras data was reported at 177.331 USD mn in Mar 2025. This records an increase from the previous number of 153.814 USD mn for Feb 2025. China Export: Latin America: Honduras data is updated monthly, averaging 47.364 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 195.938 USD mn in Sep 2024 and a record low of 2.610 USD mn in Feb 2002. China Export: Latin America: Honduras data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

China Export: Latin America: Saint Lucia data was reported at 3.810 USD mn in Mar 2025. This records an increase from the previous number of 2.413 USD mn for Feb 2025. China Export: Latin America: Saint Lucia data is updated monthly, averaging 1.021 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 6.363 USD mn in Jan 2014 and a record low of 0.000 USD mn in Mar 2001. China Export: Latin America: Saint Lucia data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

China Export: Latin America: St. Kitts & Nevis data was reported at 3.717 USD mn in Mar 2025. This records an increase from the previous number of 1.367 USD mn for Feb 2025. China Export: Latin America: St. Kitts & Nevis data is updated monthly, averaging 0.309 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 11.358 USD mn in Jun 2014 and a record low of 0.000 USD mn in Jun 2008. China Export: Latin America: St. Kitts & Nevis data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

China Export: Latin America: Cuba data was reported at 76.693 USD mn in Mar 2025. This records an increase from the previous number of 53.231 USD mn for Feb 2025. China Export: Latin America: Cuba data is updated monthly, averaging 71.898 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 213.210 USD mn in Jul 2015 and a record low of 5.195 USD mn in Feb 2020. China Export: Latin America: Cuba data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

Exports to Latin America in China decreased to 18889718.37 USD Thousand in February from 22057751.72 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Exports To Latin America.

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around ***** billion U.S. dollars.

China Import: Latin America: Paraguay data was reported at 2.751 USD mn in Mar 2025. This records a decrease from the previous number of 4.710 USD mn for Feb 2025. China Import: Latin America: Paraguay data is updated monthly, averaging 3.015 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 24.561 USD mn in Jan 2006 and a record low of 0.098 USD mn in Feb 2001. China Import: Latin America: Paraguay data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

China Export: Latin America: Mexico data was reported at 7.462 USD bn in Mar 2025. This records an increase from the previous number of 5.249 USD bn for Feb 2025. China Export: Latin America: Mexico data is updated monthly, averaging 2.306 USD bn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 8.570 USD bn in Aug 2024 and a record low of 93.780 USD mn in Jan 2001. China Export: Latin America: Mexico data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

China Export: Latin America: Puerto Rico data was reported at 68.347 USD mn in Mar 2025. This records an increase from the previous number of 56.089 USD mn for Feb 2025. China Export: Latin America: Puerto Rico data is updated monthly, averaging 48.171 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 120.148 USD mn in May 2014 and a record low of 4.461 USD mn in Jan 2002. China Export: Latin America: Puerto Rico data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

China Import: Year to Date: North America: Other data was reported at 0.000 USD mn in Mar 2025. This records an increase from the previous number of 0.000 USD mn for Feb 2025. China Import: Year to Date: North America: Other data is updated monthly, averaging 0.026 USD mn from May 2006 (Median) to Mar 2025, with 165 observations. The data reached an all-time high of 19.091 USD mn in Dec 2006 and a record low of 0.000 USD mn in Feb 2018. China Import: Year to Date: North America: Other data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country: ytd.

China Import: Year to Date: North America: Saint Pierre and Miquelon data was reported at 0.001 USD mn in Dec 2024. This stayed constant from the previous number of 0.001 USD mn for Nov 2024. China Import: Year to Date: North America: Saint Pierre and Miquelon data is updated monthly, averaging 0.000 USD mn from Apr 2017 (Median) to Dec 2024, with 52 observations. The data reached an all-time high of 0.032 USD mn in Dec 2017 and a record low of 0.000 USD mn in May 2018. China Import: Year to Date: North America: Saint Pierre and Miquelon data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country: ytd.

China Import: Year to Date: Latin America: Martinique data was reported at 0.001 USD mn in Mar 2025. This records an increase from the previous number of 0.000 USD mn for Feb 2025. China Import: Year to Date: Latin America: Martinique data is updated monthly, averaging 0.021 USD mn from Mar 2006 (Median) to Mar 2025, with 199 observations. The data reached an all-time high of 1.057 USD mn in Dec 2011 and a record low of 0.000 USD mn in Nov 2010. China Import: Year to Date: Latin America: Martinique data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country: ytd.

China Import: Year to Date: North America data was reported at 362,265.074 RMB mn in Mar 2025. This records an increase from the previous number of 239,911.921 RMB mn for Feb 2025. China Import: Year to Date: North America data is updated monthly, averaging 624,652.498 RMB mn from Jan 2014 (Median) to Mar 2025, with 135 observations. The data reached an all-time high of 1,498,425.377 RMB mn in Dec 2024 and a record low of 73,732.746 RMB mn in Jan 2020. China Import: Year to Date: North America data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: RMB: Trade by Country: ytd.