In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

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.

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.

In 2024, the real gross domestic product (GDP) of Beijing municipality in China increased by *** percent from the previous year. The growth speed of the GDP in Beijing slowed down over the years.

In 2024, approximately **** million passenger cars and **** million commercial vehicles had been sold in China. Passenger vehicle sales regained growth since 2021 after three consecutive years of decline. Vehicles sales The automobile industry has been a major driving force in China’s economic momentum and, despite slowing growth, expected to continue fueling the economy. China was the world’s leading car producing country in 2023, producing approximately ** million passenger cars and claiming ******* of total global vehicle production. However, while passenger car sales in China have been skyrocketing since 2008, they have slowed somewhat since 2017. Type of vehicles During the slowdown in the vehicle sales in China, the sale of minivans, multipurpose vehicles (MPV) and sedans have slowed, but the number of SUVs sold has increased in the same year, although all sales for passenger cars started slowing down since 2017. While the gas guzzling SUV is the most popular type of passenger car in China, the production of new energy vehicles is also on the rise since the government has been promoting their use. The export value of electric passenger vehicles from China surged in recent years.

In 2024, the nominal gross domestic product (GDP) of the Chinese capital, Beijing, amounted to approximately **** trillion yuan, compared to about **** trillion yuan in the previous year. Beijing municipality is located in northern China, together with Tianjin and Hebei province it forms the Jing-Jin-Ji Metropolitan Region, which is the most important economic zone in northern China. GDP development in Beijing After the initiation of the reform era in 1978, Beijing experienced an unprecedented phase of economic growth. GDP growth rates displayed double digits for most of this period, especially in the years between 1992 and 2008. Beijing’s growth rates closely resembled national Chinese figures but were slightly higher on average. Interrupted by the global financial crises in 2008, economic development slowed down in the years following. Per capita GDP in Beijing displayed a similar development, and per capita disposable income crossed the 10,000 U.S. dollar threshold in 2020. This was one of the highest values for disposable income among municipalities and provinces in China. Real growth rates of per capita disposable income were slightly lower than GDP growth, but still indicated a robust improvement of people’s income in recent years. GDP sector distribution As the capital city of China, Beijing’s economy has always been comparatively service oriented. The share of the service sector in terms of GDP reached more than ** percent in 2024, which was the highest value of all cities in China. The relocation of parts of the manufacturing industries to neighboring districts in order to improve air quality and the congestion level of the city’s infrastructure is further contributing to this development. Economic sectors that are of great importance to the city and were promoted by the municipal government in recent years are financial intermediation, IT services and scientific research and development.

Since 1970, the median age of China’s population has continued to increase from around ** years to around **** years in 2020. According to estimates from the United Nations, the increasing trend will slow down when the median age will reach ** years in the middle of the 21st century and will remain at around ** years up to 2100. China’s aging population Although the median age of China’s population is still lower than in many developed countries, for example in Japan, the consequences of a rapidly aging population have already become a concern for the country’s future. As the most populated country in the world, the large labor force in China contributed to the country’s astonishing economic growth in the last decades. Nowadays however, the aging population is going to become a burden for China’s social welfare system and could change China’s economic situation. Reasons for the aging population Like in many other countries, increasing life expectancy is regarded as the main reason for the aging of the population. As healthcare and living standards have improved, life expectancy in China has also increased. In addition, the one-child policy led to a decreasing fertility rate in China, which further increased the share of older people in the society. Even though the one-child policy has been abolished in 2016, many young people are refraining from having children, largely due to the high costs of raising a child, career pressure and the pursuit of freedom.

China's main stock market index, the SHANGHAI, rose to 3534 points on July 18, 2025, gaining 0.50% from the previous session. Over the past month, the index has climbed 5.13% and is up 18.52% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. China Shanghai Composite Stock Market Index - values, historical data, forecasts and news - updated on July of 2025.

The role of developing countries is very important in dealing with global climate change because even the full elimination of developed country emissions would not avoid global warming. While the industrialized countries are urging big emitting developing countries (e.g., China, India) to enter into mandatory targets to reduce their GHG emissions, they are arguing against any quantified commitments in the near future. This issue is at the heart of the ongoing negotiations. One approach that developing countries are currently exploring is the implementation of GHG mitigation activities that do not impede their expected economic growth (i.e., pursue a strategy of low carbon economic growth) or implementation of so called win-win options for GHG mitigation. The WBG has launched studies in the six big emitting client countries (e.g., China, India, Mexico, Brazil, South Africa and Indonesia) to identify options for low carbon growth. While these studies are at different levels of development, none of these studies are expected to answer the following questions: (i) what level of GHG mitigation can these and other developing countries achieve without slowing down their expected economic growth? and how much would this mitigation contribute in meeting the ultimate objective of the UNFCCC? (ii) Even if the low carbon growth scenarios do not harm expected economic growth, how fair are they from a social perspective? Do these scenarios reduce income inequality and poverty? How would these scenarios impact low income households? (iii) If the win-win or low carbon growth scenarios do not result in significant contributions in meeting the ultimate objective of the UNFCCC, what would be economic impacts of more stringent measures to reduce GHG emissions? How would such measures impact the economic growth, income distribution and poverty? (iv) How would these results change if climate change adaptation is also taken into consideration? Answering these questions is enormously important to client countries in defining their short and long-term strategies to address the global climate change.

Retail Sales in China increased 4.80 percent in June of 2025 over the same month in the previous year. This dataset provides - China Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2020, China's internet economy revenue would increase by around 21 percent compared to the previous year. The growth rate was projected to slow down in the coming few years, given that the macroeconomy fluctuations affecting the consumer internet sector and more stricter regulations on internet finance.

The development of China's Insurance Brokers and Adjusters industry is basically in line with its developing insurance sector. Over the five years through 2024, the industry will decrease at an annualized 5.8% to $52.2 billion. This trend includes a 9.9% decrease in 2024.Since August 2023, the National Financial Regulatory Administration has required to implement the “consistency of regulatory reporting and actual actions” policy in the channels of individual insurance agents, insurance brokers and insurance agents. The implementation of the policy has led to a decrease in commission rates paid by insurance companies to intermediaries, which has seriously affected industry revenue and operational costs. Industry revenue decreased by 11.3% in 2023 and a further 9.9% in 2024.In 2022, the COVID-19 pandemic further aggravated the economy, resulting in real GDP growth slowing to 3.0%. Chinese residents' income growth has also slowed down, resulting in weakened insurance demand. Insurance premium income decreased by 1.0% in 2022, especially for life insurance products; its premium income dropped 2.0% year on year, mainly because residents were suggested to stay at home and limit traveling. Industry revenue decreased by 13.2% in 2022.In 2018, the China Banking and Insurance Regulatory Commission was established through the merger of the China Bank Regulatory Commission and the China Insurance Regulatory Commission. Regulations placed on insurance intermediaries has intensified through a successive series of supervision policies. This increased regulation led industry revenue growth to slow down.China's Insurance Brokers and Adjusters industry revenue us forecast to grow at an annualized 5.0% to $66.5 billion over the five years through 2029, primarily thanks to increasing residential income levels risk protection awareness. As government regulations further strengthen and competition intensifies, professional insurance intermediaries will become more competitive. Concurrent-business agency and individual agent numbers will likely drop in the future.

Inflation Rate in China increased to 0.10 percent in June from -0.10 percent in May of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, China exported approximately 3.58 trillion U.S. dollars worth of goods. This indicated an increase in export value of about 5.9 percent compared to the previous year. Export of goods from ChinaChina’s exports have been growing steadily over the past decade, with the exception of 2009 when financial crisis and global economic downturn slowed down global trade and 2016 witnessing another decrease in global demand. Apart from being the most populous country, China has also become the largest manufacturing economy and the largest exporter in the world. ASEAN, European Union, and United States were China's leading export partners in 2023. Machinery such as computers, broadcasting technology, and telephones as well as transport equipment make up the largest part of Chinese exports. This category amounted to approximately 1.65 trillion U.S. dollars in export value in 2023. When it comes to primary goods, food and live animals used for food are the main export products.

Exports in China increased to 335.63 USD Billion in December from 312.04 USD Billion in November of 2024. This dataset provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The extreme marine weather is a very vital factor and has important implications for of marine economic development. However, there is a lack of systematic and quantitative analyses of its impact on the marine economic development. Here, we study the impacts of extreme marine weather on marine economic development of 11 coastal regions in China, using the dynamic panel model. We found that extreme marine weather exerts a significant negative impact on the marine economic development. The marine scientific and technological innovation promotes marine economic development in a prominent manner. The marine scientific and technological innovation slows down the unfavorable impact of extreme marine weather on the marine economy. After considering different industries for marine economic development and heterogeneity, we found that extreme marine weather and marine scientific and technological innovation have a great impact on marine economic development in the tertiary industry and the areas with high development concerning marine economy level, while deliver a small impact on the marine economic development in the primary industry and the areas low development level. This paper empirically studies the relationship between the two variables of marine extreme weather and marine science and technology innovation and its impact on marine economic development, enriches the research perspective of extreme weather on marine economic development, and provides new method evidence for improving the level of marine scientific and technological innovation and promoting the development of marine economy.

Producer Prices in China decreased 3.60 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - China Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Despite its high economic growth, China's public expenditure management faces profound challenges: 1) The retrenchment of the Plan puts more of the burden for the macro and microeconomic policy on the budget. 2) Extra-budgetary funds and quasi-fiscal operations of the banking system undermine fiscal discipline, which contributed to the repeated bouts of inflation. 3) Shifting spending to the Government's priorities is slow, and is in part undone during budget implementation. Over time, this could threaten sustainable growth and equitable growth. 4) While overall social indicators are high, regional disparities remain large. Government services seem overstaffed, which could escalate costs if wages continue to rise. To address these challenges, China needs to reform its public expenditure management. China's first priority is restoring fiscal discipline - to delineate a clear budget constraint for every line ministry and unit, and break down the sectoral budgets into organizational budgets. To forge a stronger link between the State Council's policy priorities and the budget, China needs to revamp its budget process. The State should focus on articulating the government's strategic priorities, but leave detailed planning for achieving these priorities to line ministries. Decentralized administration can be a major asset for cost-effective service delivery, if accountability for performance is improved.

In 2023, China's labor force amounted to approximately 772.2 million people. The labor force in China indicated a general decreasing trend in recent years. As both the size of the population in working age and the share of the population participating in the labor market are declining, this downward trend will most likely persist in the foreseeable future. A country’s labor force is defined as the total number of employable people and incorporates both the employed and the unemployed population. Population challenges for China One of the reasons for the shrinking labor force is the Chinese one-child policy, which had been in effect for nearly 40 years, until it was revoked in 2016. The controversial policy was intended to improve people’s living standards and optimize resource distribution through controlling the size of China’s expanding population. Nonetheless, the policy also led to negative impacts on the labor market, pension system and other societal aspects. Today, China is becoming an aging society. The increase of elderly people and the lack of young people will become a big challenge for China in this century. Employment in China Despite the slowing down of economic growth, China’s unemployment rate has sustained a relatively low rate. Complete production chains and a well-educated labor force make China’s labor market one of the most attractive in the world. Working conditions and salaries in China have also improved significantly over the past years. Due to China’s leading position in terms of talent in the technology industry, the country is now attracting investment from some of the world’s leading companies in the high-tech sector.

Since 2020, China has been dedicated to the goal of "carbon peak and carbon neutrality" in the international community, demonstrating its commitment to energy conservation and emissions control. In 2021, in response to the guidance of the State Council, all provinces in China included the creation of a low-carbon economic system as one of their key development goals. This paper aims at investigating the low-carbon economic development efficiency and the redundancy of inefficient areas of Guangdong Province by using the three-stage DEA-Malmquist index model. Panel data of 21 cities from 2011 to 2020 in Guangdong Province were selected. Results revealed that the low-carbon economic development efficiency in the whole province rises, but the growth rate has slowed down in the past three years. Pearl River Delta area is better-developed in low-carbon economy than others. It is recommended to improve the efficiency of scale, make use of environmental advantages and develop energy-saving and emission reduction technologies.