China’s GDP expanded 9.1 percent year-on-year in the third quarter of the year, the slowest pace since the third quarter of 2009. China’s strong retail sales growth suggests that there is a shift to greater domestic demand. The slow moderation in GDP is indicating a softening of growth instead of a collapse.
The growth rate was down from 9.5 percent in the second quarter of this year and 9.7 percent in the first quarter, the National Bureau of Statistics (NBS) said Tuesday.
According to preliminary statistics, the country’s GDP reached 32.07 trillion yuan (5.01 trillion U.S. dollars) in the first nine months, up 9.4 percent year-on-year.
China prior GDP update for the second quarter of 2011
Industrial value-added output rose 13.8 percent year-on-year in September, up from the 13.5 percent annual growth in August. Fixed asset investment rose 24.9 percent year-on-year in the first nine months, compared with a 25-percent gain in the January-August period.
In September, the country’s retail sales grew 17.7 percent from a year earlier after a 17-percent increase in August.
Year GDP(yuan) GDP growth USD/CNY China GDP China+HK US GDP 2011 44 9.6 6 7.3 7.5 15.2 2012 49 9.2 5.7 8.6 8.9 15.9 2013 55 8.5 5.4 10.1 10.4 16.5 2014 61 8.5 5.1 11.8 12.1 17.2 2015 67 8.5 4.9 13.7 14.0 18 2016 73 8 4.6 15.8 16.1 18.8 2017 80 8 4.4 18.2 18.5 19.6 2018 88 8 4.2 21 21.4 20.5 2019 96 8 4.0 24 24 21.5 2020 105 7.5 3.8 28 28 22.4 2021 114 7.5 3.6 32 32 23.4 2022 123 7.5 3.4 36 36 24.5 2023 133 7 3.2 41 42 25.6 2024 144 7 3.1 47 47 26.7 2025 155 7 3 53 53 27.9 2026 167 7 3 56 56 29.2 2027 179 7 3 60 60 30.5 2028 193 7 3 64 65 31.9 2029 207 7 3 69 70 33.3 2030 223 7 3 74 75 34.8
Year GDP(yuan) GDP growth Inflation USD/CNY China GDP China+HK US GDP 2011 43 9.6 6 6.2 6.9 7.1 15.2 2012 50 9.2 6 6.0 8.4 8.6 15.9 2013 58 8.5 5 5.7 10.1 10.4 16.5 2014 66 8.5 4 5.5 12.0 12.3 17.2 2015 74 8.5 4 5.3 14.1 14.4 18 2016 84 8 4 5.1 16.6 16.9 18.8 2017 94 8 4 4.9 19.4 19.7 19.6 2018 106 8 4 4.7 23 23 20.5 2019 119 8 4 4.5 27 27 21.5 2020 134 7 3 4.3 31 31 22.4 2021 147 7 3 4.1 36 36 23.4 2022 162 7 3 4.0 41 41 24.5 2023 179 7 3 3.8 47 47 25.6 2024 197 7 3 3.6 54 54 26.7 2025 217 4 3 3.5 62 62 27.9 2026 233 4 3 3.4 69 70 29.2 2027 249 4 3 3.2 77 78 30.5 2028 267 4 3 3.1 86 87 31.9 2029 286 4 3 3 95 96 33.3 2030 306 4 3 3 102 103 34.8
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