China GDP Growth Rate

Last Release

Mar 31, 2025

Actual

1.2

Units In

1.6

Frequency

Quarterly

Next Release

Jul 15, 2025

Time to Release

2 Months 26 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
11.6 Jun 2020	-10.5 Mar 2020	1.56 %	2010-2025	National Bureau of Statistics of China

In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter. As China’s traditional growth engines of manufacturing and construction are slowing down, services have emerged as the new driver. In the last few quarters strength in services and consumption helped to offset weaker manufacturing and exports. .

Latest Updates

The Chinese GDP grew by a seasonally adjusted 1.2% in Q1 of 2025, slowing from a 1.6% rise in Q4 and falling short of the market consensus of 1.4%. It marked the softest quarterly expansion since Q2 of 2024 while representing the 11th consecutive quarter of advance. Since February, U.S. President Donald Trump has sharply raised tariffs on Chinese goods to 145%, prompting Beijing to retaliate with duties on American imports. China's policymakers have emphasized that the nation has ample tools to support its economic output, with Premier Li Qiang recently pledging further stimulus. Boosting consumption remains a top priority this year as the government seeks to offset the impact of surging U.S. duties. The Politburo is expected to meet later in April to outline upcoming policy plans. In March, China announced increased fiscal spending, including a higher budget deficit, and officials have signaled more fiscal and monetary support ahead, following a wave of easing measures late last year.