The Chinese economy grew an annual 6.9 percent in the third quarter of 2015, slightly down from 7.0 percent expansion in the previous quarter, but narrowly above market expectations. It is the slowest growth since the first quarter of 2009, mainly due to a slowdown in industrial output, sluggish property investment and a contraction in exports. GDP Annual Growth Rate in China averaged 10.88 percent from 1989 until 2015, reaching an all time high of 105 percent in the third quarter of 1995 and a record low of 3.80 percent in the fourth quarter of 1990. GDP Annual Growth Rate in China is reported by the National Bureau of Statistics of China. 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.
In a June 2012 quarter ending report, China's economic growth fell to a three-year low. Economists predicted that it would decline even more before rebounding. However, by September 2012, consumer inflation had eased to 1. 9 percent from 2. 0 percent in August. The drop in inflation gave the government room to cut interest rates and was a positive sign that China's economy would soon be on the upswing again.