$CNGDPQQ -China's GDP (QoQ)ECONOMICS:CNGDPQQ (Q2/2024)
- The Chinese economy expanded 4.7% yoy in Q2 2024, missing market forecasts of 5.1% and slowing from a 5.3% growth in Q1.
It was the weakest advance since Q1 2023, amid a persistent property downturn, weak domestic demand, falling yuan, and trade frictions with the We
Key data points
Last release
—
Observation period
Q1 2025
Next release
—
Forecast
—
Highest
11.50 % on Jun 30, 2020
Lowest
−10.40 % on Mar 31, 2020
About China GDP Growth Rate
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..