China’s gross domestic product (GDP) reached RMB 121,020.7 billion (US$17,881.30 billion) in 2022, up three percent year on year, according to data released by the National Bureau of Statistics on January 17, 2023.
By industry, the value added of the primary industry was RMB 8,834.5 billion (US$1,305.3 billion), an increase of 4.1 percent over the previous year; the added value of the secondary industry was RMB 48,316.4 billion (US$7,138.9 billion), up by 3.8 percent; the value added of the tertiary industry was RMB 63,869.8 billion (US$9,437.02 billion), up by 2.3 percent.
READY TO INVEST IN CHINA? OUR BUSINESS INTELLIGENCE TEAM CAN HELP WITH MARKET-ENTRY STRATEGY
On a quarterly basis, China’s GDP grew by 4.8 percent in the first quarter, 0.4 percent in the second quarter, 3.9 percent in the third quarter, and 2.9 percent in the fourth quarter. On a quarter-on-quarter basis, GDP for the fourth quarter stayed the same as that for the third quarter.
Other key stats that businesses should pay attention to include:
China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at firstname.lastname@example.org.
Dezan Shira & Associates has offices in Vietnam, Indonesia, Singapore, United States, Germany, Italy, India, and Russia, in addition to our trade research facilities along the Belt & Road Initiative. We also have partner firms assisting foreign investors in The Philippines, Malaysia, Thailand, Bangladesh.
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