In 2024, the industrial sector generated around 30.1 percent of China's GDP. It was by far the largest contributor, followed by the wholesale and retail industry that was responsible for 10.2 percent and the financial sector that produced 7.3 percent of the country's economic output. Since China is the second-largest economy in the world, the industrial sector’s output alone exceeded the entire economy of Germany. China’s export and investment-driven economy China economic development of the early 2000s was mainly driven by investments and exports. A country's gross domestic product (GDP) consists of three parts: Consumption, investments, and net exports. Typically, emerging economies rely mainly on investments and exports for growing their economy and China was no exception. By the end of the 2010s, investments fueled more than 40 percent of China's GDP and exports were responsible for almost another 20 percent. In comparison to that, in most developed economies, investments make up only 20 percent of the economic output. Instead, the main economic driver is consumption. The economic structure in China created a huge industrial sector. For instance, China was the biggest steel exporter, the leading merchandise exporter, and exported more than a third of global household goods. Great push towards transformation In early 2018, the Chinese government proclaimed that the country's economy had reached a new development stage where consumption and services replaced investment and manufacturing as the main driver of economic growth. The fear of the middle-income trap and changing demographics were the main reasons for Beijing's emphasis on economic transformation. Although incomes in China had not stagnated, policymakers attempted to preempt “getting stuck” by steering the economy towards high-quality growth and consumption-focus. Furthermore, a society that was older and had a higher share of middle-class population had different requirements to the economy. In the case of a successful transformation, China's economy would become more similar to those of developed nations. For instance, the financial sector was the largest contributor to the United States economy. In the case of Germany, the service sector generates the largest share of gross domestic product.

In January and February 2025, industrial production in China increased by 5.9 percent. On a month-to-month basis, industrial production grew by 0.51 percent in February 2025.

GDP: Primary Industry: Fujian: Fuzhou data was reported at 72.323 RMB bn in 2024. This records an increase from the previous number of 72.159 RMB bn for 2023. GDP: Primary Industry: Fujian: Fuzhou data is updated yearly, averaging 13.560 RMB bn from Dec 1950 (Median) to 2024, with 46 observations. The data reached an all-time high of 72.323 RMB bn in 2024 and a record low of 0.079 RMB bn in 1950. GDP: Primary Industry: Fujian: Fuzhou data remains active status in CEIC and is reported by Fuzhou Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Primary Industry.

Industrial Production in China increased 5.90 percent in February of 2025 over the same month in the previous year. This dataset provides - China Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Services in China increased to 765582.50 CNY Hundred Million in the fourth quarter of 2024 from 561501.80 CNY Hundred Million in the third quarter of 2024. This dataset provides - China Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 4.6 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 2023, 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 27.5 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 823 billion U.S. dollars in 2023.

GDP: Yunnan: Primary Industry data was reported at 419.292 RMB bn in 2024. This records a decrease from the previous number of 420.663 RMB bn for 2023. GDP: Yunnan: Primary Industry data is updated yearly, averaging 7.769 RMB bn from Dec 1949 (Median) to 2024, with 76 observations. The data reached an all-time high of 420.663 RMB bn in 2023 and a record low of 0.626 RMB bn in 1949. GDP: Yunnan: Primary Industry data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Yunnan.

China GDP Index: YoY: Primary Industry data was reported at 103.700 Prev Year=100 in Dec 2024. This records an increase from the previous number of 103.200 Prev Year=100 for Sep 2024. China GDP Index: YoY: Primary Industry data is updated quarterly, averaging 103.900 Prev Year=100 from Mar 1992 (Median) to Dec 2024, with 132 observations. The data reached an all-time high of 108.800 Prev Year=100 in Mar 1992 and a record low of 96.900 Prev Year=100 in Mar 2020. China GDP Index: YoY: Primary Industry data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AB: Gross Domestic Product: Index: Quarterly.

GDP: Zhejiang: Primary Industry data was reported at 258.600 RMB bn in 2024. This records an increase from the previous number of 233.200 RMB bn for 2023. GDP: Zhejiang: Primary Industry data is updated yearly, averaging 15.941 RMB bn from Dec 1950 (Median) to 2024, with 75 observations. The data reached an all-time high of 258.600 RMB bn in 2024 and a record low of 1.180 RMB bn in 1950. GDP: Zhejiang: Primary Industry data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Zhejiang.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for China (PRINTO01CNQ663N) from Q1 1999 to Q3 2023 about China, IP, and construction.

The graph shows China's share in global gross domestic product adjusted for purchasing-power-parity until 2023, with a forecast until 2029. In 2023, China's share was about 18.75 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 5.2 percent in 2023. China's per capita GDP is also expected to continue to grow, reaching 12,600 U.S. dollars in 2023. Comparatively, Luxembourg and Ireland have some of the world’s largest GDP per capita with 129,800 U.S. dollars and 104,300 U.S. dollars, respectively, as of 2023. 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 50.8 million metric tons in 2022. GDP composition in China Industry and construction account for slightly 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.

GDP Index: Primary Industry: Gansu data was reported at 106.600 Prev Year=100 in 2024. This records an increase from the previous number of 105.900 Prev Year=100 for 2023. GDP Index: Primary Industry: Gansu data is updated yearly, averaging 105.509 Prev Year=100 from Dec 1953 (Median) to 2024, with 72 observations. The data reached an all-time high of 128.600 Prev Year=100 in 1963 and a record low of 60.400 Prev Year=100 in 1960. GDP Index: Primary Industry: Gansu data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AB: Gross Domestic Product: Index: by Province.

In 2023, the construction industry accounted for about 6.8 percent of China's gross domestic product (GDP), representing a slight increase of 0.1 percent from the previous year.

A vital industry for the economy Since the 1998 housing reform, China's real estate industry has expanded dramatically and has become one of the country's pillar industries. Similarly, China's infrastructure construction has also boomed since the early 2000s. To mitigate the impact of the 2008 global financial crisis and maintain the country's economic output, the Chinese government launched a four trillion yuan stimulus plan and invested substantial resources in infrastructure development across the country, such as high-speed railway and highway projects. These developments have all made the construction industry one of the most important segments of the Chinese economy.

An important employer nationwide The construction industry also plays a key role in China's labor market, with more than 50 million people employed in the sector in 2023. It is also one of the top sectors for China's migrant workers, with more than 15 percent working in construction in 2023. However, due to the challenging working environment, more and more young migrant workers are choosing to work in other professions, such as couriers and food delivery. With China's real estate sector facing significant headwinds, infrastructure construction stagnating, and local governments now under substantial fiscal pressure, the future of China's construction industry is becoming increasingly uncertain.

CN: GDP: Primary Industry: Guangdong: Huizhou data was reported at 29.606 RMB bn in 2023. This records an increase from the previous number of 27.905 RMB bn for 2022. CN: GDP: Primary Industry: Guangdong: Huizhou data is updated yearly, averaging 0.745 RMB bn from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 29.606 RMB bn in 2023 and a record low of 0.088 RMB bn in 1949. CN: GDP: Primary Industry: Guangdong: Huizhou data remains active status in CEIC and is reported by Huizhou Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Primary Industry.

The Report Covers Home Appliances Manufacturers in China and it is segmented by Product (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers and Ovens, and Other Products), and by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels). The report offers market sizes and forecasts for all the above segments in value (USD Million).

China CDB: Number of Medium Size Project Loans: Main Industry (MI) data was reported at 4.000 Unit in 2002. This records a decrease from the previous number of 8.000 Unit for 2001. China CDB: Number of Medium Size Project Loans: Main Industry (MI) data is updated yearly, averaging 15.000 Unit from Dec 1997 (Median) to 2002, with 5 observations. The data reached an all-time high of 18.000 Unit in 2000 and a record low of 4.000 Unit in 2002. China CDB: Number of Medium Size Project Loans: Main Industry (MI) data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KE: China Development Bank (CDB): Loan.

The main stock market index in China (SHANGHAI) increased 22 points or 0.66% since the beginning of 2025, 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 March of 2025.

In January and February 2025, the added value of industrial production in China grew by 5.9 percent in real terms compared to the same period in the previous year. At the same time, food production increased by 5.2 percent.

GDP: Year to Date: Primary Industry: Chongqing data was reported at 148.683 RMB bn in Sep 2024. This records an increase from the previous number of 68.555 RMB bn for Jun 2024. GDP: Year to Date: Primary Industry: Chongqing data is updated quarterly, averaging 30.089 RMB bn from Dec 1992 (Median) to Sep 2024, with 113 observations. The data reached an all-time high of 207.468 RMB bn in Dec 2023 and a record low of 4.834 RMB bn in Mar 2006. GDP: Year to Date: Primary Industry: Chongqing data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: by Province: Quarterly.

This article provides insights on the cotton industry in China, including key statistics, market outlook, largest companies, and forecasts. Learn about the latest trends and developments in the industry.