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China GDP Annual Growth Rate

The Chinese economy expanded 6.9 percent year-on-year in the March quarter of 2017, compared to a 6.8 percent growth in the fourth quarter 2016 and slightly above market consensus of a 6.8 percent growth. It was the strongest expansion since the September quarter 2015, supported by faster rises in industrial output, retail sales and fixed-asset investment while fiscal spending surged. For 2017, the Chinese government expects the economy to grow by around 6.5 percent; compared to a 6.7 percent expansion in 2016, which was the slowest growth in 26 years. GDP Annual Growth Rate in China averaged 9.74 percent from 1989 until 2017, reaching an all time high of 15.40 percent in the first quarter of 1993 and a record low of 3.80 percent in the fourth quarter of 1990. In China, Gross Domestic Product is divided by three sectors: Primary, Secondary and Tertiary. The Primary Industry includes Farming, Forestry, Animal Husbandry, and Fishery and accounts for around 9 percent of GDP. The Secondary sector, which includes Industry (40 percent of GDP) and Construction (9 percent of GDP) is the most important. 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. This page provides – China GDP Annual Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.
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