Description: By 2006 China had become the world's third largest automotive vehicle manufacturer after US and Japan and the second largest consumer only after the US.
For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. China gdp for 2020 was $14,722.73B, a 3.1% increase from 2019. China gdp for 2019 was $14,279.94B, a 2.77% increase from 2018.
China Q3 GDP Growth Lowest in a Year The Chinese economy expanded 4.9 percent year-on-year in the third quarter of 2021, easing sharply from a 7.9 percent growth in the previous period and slightly missing market consensus of 5.2 percent.
GDP growth gained pace to 4.8% year on year in the first quarter, from 4.0% in the fourth quarter of last year. The reading was higher than market expectations and driven by stronger growth in the industrial sector, which more than offset weaker growth in services and agriculture.
The impact of the domestic lockdowns and the Russia-Ukraine conflict is still uncertain at this point while the real estate market outlook has remained weak. As such, we maintain our 2022 GDP growth forecast for China at 4.9%.β. Analysts at Goldman Sachs were more downbeat: βGiven the highly transmissible Omicron variant and stringent zero.
GDP of China in nominal and ppp terms. Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. Projections by IMF.
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