Description
China's Real Gross Domestic Product (Real GDP) is released by the National Bureau of Statistics (NBS) and reflects the total value of goods and services produced within the country in a specific year, adjusted for inflation. As the world's second-largest economy, China's Real GDP growth rate is a key indicator of both domestic economic health and global economic trends.
China's GDP is divided into three main sectors: the primary sector (agriculture, forestry, animal husbandry, and fisheries), the secondary sector (industry and construction), and the tertiary sector (services). The tertiary sector accounts for the largest share, approximately 55% of GDP. In recent years, the Chinese government has shifted its economic strategy from a high-investment growth model to one that emphasizes domestic demand and high-quality development.
This data is released quarterly and provides insights into the economic activity of the previous quarter.