Browse a full set of economic indicators

China

Includes historical data for China’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

The World’s Second Largest Economy

With its vast labor market, China has been a key player in the global economic landscape for decades. Since the late 1970s, China has achieved an average annual GDP growth rate of over 9%. Over the same period, more than 800 million people were lifted out of poverty, and enjoyed better access to health, education and employment opportunities.

In recent years, China has been furthering its presence in emerging and developing countries through initiatives like the Belt and Road Initiative (BRI). At the same time, it remains the world’s second-largest FDI destination, following the United States. An upper-middle-income country, China is quickly progressing from a low-cost manufacturing economy to a high-value, innovation-driven economy. An aging population, trade and technological competition with the U.S., slowing growth and shifts in global supply chain dynamics are some of the challenges faced by China.

Macroeconomy & Sovereign Data

Type of Government One-Party State
Capital Beijing
Sovereign Ratings S&P: A+
Moody’s: A1
Fitch: A+
Total Population 1.4 billion
Median Age 39
Adult Per Capita Income (PPP) 28,321
Total GDP (2023) USD 18.6 trillion

China GDP & Economic Overview

Most Recent Content

China

Capital Raising & Corporate Finance

China: Scrutiny Of Potential IPOs Intensifies

Capital Raising & Corporate Finance

China Strengthens Dominance In Green Bond Market

Economics, Policy & Regulation

China’s US Debt Sales Fuel Speculation

Capital Raising & Corporate Finance

China’s IPO Drought Worsens

Banking & Finance

Trade & Investment

Total Exports USD 2.3 trillion (2022)
Leading Exports Crude Petroleum
Integrated Circuits
Iron
Natural Gas
Cars
Gold                                                                      
Total Imports USD 3.5 trillion (2022)
Leading Imports Broadcasting Equipment
Computers
Integrated Circuits
Office Machinery And Parts
Telephones                                                                      
Source: World Integrated Trade Solution

China Leading Companies

Industrial & Commercial Bank of China (ICBC) Financials
Ping An Insurance Group Financials, Insurance
PetroChina Energy, Exploration & Production
Sinopec Energy, Integrated Oil & Gas
Tencent Holdings Technology, Communication Services
Alibaba Consumer Discretionary
China Mobile Telecommunication Services

Major Trade Partners — Import

South Korea 10.4%
United States 8.9%
Japan 8.5%
Other Asia 8.5%
Germany 5.2%

Major Trade Partners — Export

United States 17.7%
Hong Kong 10.4%
Japan 4.9%
South Korea 4.4%
Vietnam 4.1%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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