Chinese Economy Indicators

Quarterly GDP Growth: March 2017 – 1.3%

  • Weakest expansion since the March quarter 2016
  • GDP growth rate averaged 1.84% from 2010 – 2017
  • High of 2.4% in the first quarter of 2011
  • Low of 1.3% in the first quarter of 2016

GDP annual growth rate: 6.9% March 2017

GDP per capita PPP: 14401 USD December 2016

Unemployment Rate: March 2017 – 3.97%

  • decreased from 4.02% in the fourth quarter of 2016
  • Unemployment averaged 4.12% from 2002 until 2017
  • High of 4.3% in the fourth quarter of 2003
  • Low of 3.9% in the third quarter of 2002

Inflation rate: June 2017 – 1.5% (year on year)

  • On a monthly basis, consumer prices declined 0.2%
  • Inflation rate remains at its highest level since January, as the cost of non-food items slowed slightly while the cost of food fell at a slower pace.

Core Inflation Rate: 2.2%

Interest rate: June 2017 – 4.35%

  • The rate for 7-day reverse repurchase agreements remained at 2.45%, the 14-day tenor at 2.6%, and the 28-day tenor at 2.75%
  • Benchmark lending rate last cut by 25 basis points (bps) in October 2015
  • Interest rate currently at record low

Balance of Trade: June 2017 – 42.77 USD Billion surplus

  • Lower than USD 45.16 billion surplus year earlier
  • Export growth of 11.3% year on year to USD 196.6 billion
  • Imports grew 17.2% to 153.8 USD billion

Current Account to GDP: 1.8%

Government debt to GDP: 46.2% December 2016

  • China’s debt to GDP ratio rose to 277% at the end of 2016 from 254% the previous year

Government budget: -3.8% of GDP