Although the Phase One trade deal with the US eased trade tensions and increased business optimism, existing tariffs will remain in place and further monetary easing will be needed to boost domestic demand. This remained the weakest growth rate since the first quarter of 1992, amid trade pressure from the US and sluggish demand from home and abroad. China's surveyed urban unemployment rate nationwide was 5.2 percent in December and was kept between 5.0 percent and 5.3 percent for the year, the bureau said. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Considering full 2019, the economy grew by 6.1 percent, the slowest pace in 29 years but still within the government's target of 6 to 6.5 percent. 1989-2020 Data | 2021-2022 Forecast | Calendar. China said Friday its economy grew by 6.1% in 2019, in line with expectations. Employees work on the production line of a television factory under Zhaochi Group in Shenzhen, China August 8, 2019. Growth in the fourth quarter was 6.0 percent, the same as the third quarter. Got a confidential news tip? We want to hear from you. window._newsroom = window._newsroom || []; f.parentNode.insertBefore(e, f); Analysts read the data from Beijing positively, although there was still some caution about the partial trade deal with the U.S. "The uncertainties faced by corporates are diminishing along with the progress in US-China trade negotiation since December," said Chaoping Zhu, global market strategist at JP Morgan Asset Management. Despite the easing, the national economy was generally stable in 2019 with main projected targets for development achieved, laying a solid foundation for completing the building of a moderately prosperous society in all aspects, said the NBS in a statement. It is calculated without making deductions for depreciation of fabricated assets or for … Download historical data for 20 million indicators using your browser. The Tertiary sector accounts for the remaining 44 percent of total output and consist of Wholesale and Retail Trades; Transport, Storage, and Post; Financial Intermediation; Real Estate; Hotel and Catering Services and Others. China's GDP grew 6.0% on-year in the fourth quarter of 2019, according to the National Bureau of Statistics. Still, China's GDP growth last year was the slowest since 1990, according to Reuters records. China’s economy grew by 6.1 per cent in 2019, the lowest annual growth rate for 29 years, the National Bureau of Statistics announced on Friday. GDP in China averaged 2375.29 USD Billion from 1960 until 2019, reaching an all time high of 14342.90 USD Billion in 2019 and a record low of 47.21 USD … document.getElementsByTagName('script')[0], '//c2.taboola.com/nr/chinadaily-int/newsroom.js'); China's year-on-year GDP growth reached 6.1 percent in 2019, compared with 6.6 percent in 2018, the National Bureau of Statistics said on Friday. chinadaily.com.cn | GDP growth (annual %) - China. e.async = 1; World Bank national accounts data, and OECD National Accounts data files. The Primary Industry includes Farming, Forestry, Animal Husbandry, and Fishery and accounts for around 9 percent of GDP. The data came after President Donald Trump signed a partial trade deal with China on Wednesday after a prolonged trade fight between the U.S. and China for almost two years. China's year-on-year GDP growth reached 6.1 percent in 2019, compared with 6.6 percent in 2018, the National Bureau of Statistics said on Friday. Copyright 1995 - License: CC BY-4.0 Line Bar Map. "While businesses and investors can afford to breath a sign of relief, after a difficult 2019, we still see risks to the China outlook as mainly weighted to the downside, given the fragile nature of the trade truce and the risks that still stalk China's financial markets," Rafferty added. Label. . Fixed-asset investments expanded by 5.4 percent year-on-year in 2019, versus 5.9 percent growth for the previous year. The Gross Domestic Product (GDP) in China was worth 14342.90 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. In China, Gross Domestic Product is divided by three sectors: Primary, Secondary and Tertiary. Data is a real-time snapshot *Data is delayed at least 15 minutes. In 2020, the economy is expected to remain under pressure. China BIP Letzte Zuletzt Höchste Unterste Einheit; Bip-Wachstum 11.50-10.00: 11.50-10.00: Percent: BIP Veränderung zum Vorjahr Although Beijing's official GDP figures are tracked as an indicator of the health of the world's second-largest economy, many outside experts have long expressed skepticism about the veracity of China's reports. China's per capita GDP reached $10,276 in 2019, Ning Jizhe, head of the NBS said at the news conference on national economic performance. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Proportion of world (countries with data) nominal GDP for the countries with the top 10 … China 2019 GDP Growth Weakest in 29 Years The Chinese economy advanced 6.0 percent year-on-year in the December quarter of 2019, the same as in the previous quarter and matching market expectations. 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