china gdp 2021 in trillion dollars

It happens to be the largest issuer of commercial paper in China with $305 billion in debt and it is in financial duress. Same region. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. In just the first quarter of 2021, nearly $7 billion were raised, an eightfold increase over the previous year! In the long-term, the China GDP is projected to trend around 15700.00 USD Billion in 2022 and 16400.00 USD Billion in 2023, according to our econometric models. Found inside – Page iWith such a range of views, The National Academies set out to describe developments in both countries, in relation to each other and the rest of the world, by organizing a conference in Washington, D.C. The conference, summarized in this ... Forecasts by the IMF published in April 2021 expect a GDP growth rate of 8.4 percent for 2021. 歡迎來到“退黨中心”頻道，若是喜歡，請大家“點贊”和點擊邊上“小鈴鐺”訂閱並與您的親朋好友分享。謝謝！. Found inside – Page 354.3 Space Science in China: A Roadmap to 2030 and the Implementation . ... 72.84 trillion yuan with per-capita GDP 51,200 yuan (7358 U.S. dollars); the GDP ... the amount of wealth we leave on the table globally is in the trillions of dollars. Qilai Shen/Bloomberg The first real crisis of Chinese President Xi Jinping’s tenure was in the summer of 2015, when Shanghai stocks collapsed. Last year, the added value of the city's digital economy has exceeded 1.44 trillion yuan, accounting for about 40 percent of its total economic volume. In The Riches of This Land, Tankersley fuses the story of forgotten Americans-- struggling women and men who he met on his journey into the travails of the middle class-- with important new economic and political research, providing fresh ... Figures have been rounded. $39 per month* The first is how much, in U.S. dollar terms, Chinese corporate debt is due over the next 12 months. Please do not hesitate to contact me. The second is the size, also in dollar terms, of a mainland government bond market hanging in the balance. Register in seconds and access exclusive features. Tourists shop at a duty-free shopping mall in Sanya City, south China's Hainan Province, Oct. 5, 2020. In 2020, the growth of real gross domestic product (GDP) in China amounted to about 2.3 percent. A strong start to the 14th Five-Year Plan (2021-2025) period, the double-digit year-on-year rebound puts average Q1 growth of 2020 and 2021 at 5 percent from the 2019 level. Facebook dipped in and out of the $1T+ club in July 2021, and continues its capricious movement. Driven by the rising demand at home and abroad, total imports and exports of goods surged 29.2 percent year on year to 8.47 trillion yuan. With just 17 years under its belt, it’s the youngest company ever to reach this valuation milestone—though not without some wild rides along the way.. More than $560 billion in market value has been wiped off Hong Kong and mainland China exchanges in a week as funds capitulate out of once-favoured stocks, unsure which sectors regulators will target next. Those are: 1.3 trillion and 18 trillion. /Xinhua Covering hundreds of years and bringing together a dizzying array of data, Reinhart and Rogoff have made a truly heroic contribution to financial history. This single marvelous volume is worth a thousand mathematical models. Yet even as China teases a “V-shaped” recovery, these aren’t the figures that matter most. Though President Xi Jinping set a goal of 6% growth this year, many, including the International Monetary Fund, think 8% is more like it. It is $305 billion in debt… the trillion dollar … Boston Snow Indicator: A market theory that states that a white Christmas in Boston will result in rising stock prices for the following year. In fact: 29% of people spend over 40% of their income on housing costs. "Thanks to the effective measures that the government has taken to control the pandemic and stimulate the economy, we have observed resilient momentum in economic indicators coming from both the production and consumption side," Hoffman Cheong, EY China North Managing Partner, told Xinhua in an interview. The CPTPP ranks third among the largest free-trade agreements behind the $26 trillion Regional Comprehensive Economic Partnership and the $21.1 trillion U.S.-Mexico-Canada Agreement. Close to $1 trillion in … The value of China’s gold holdings rose to $110.73 billion at the end of April, from $109.18 billion at the end of March. Then you can access your favorite statistics via the star in the header. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Why are so many “disconnected” markets now capable of collapsing in unison? In this remarkably readable book, award-winning Financial Times columnist John Authers takes on these critical questions and offers deeply sobering answers. Seventeen economies would have gdp above $1 trillion as the Netherlands … Created 2010 - 2021 by SanZhiMao - No Copyrights, use it my Friends! 7 min read. Getting to $30 Trillion: China Aims for Largest Economy by 2035. Chart. 20 Aug 2021 07:33PM (Updated: 20 Aug 2021 07:33PM) China's tech stocks slumped to new lows on Friday (Aug 20) and Hong Kong's benchmark index hit … 2021: 8.1%; 2022: 5.6%; China was the sole trillion-dollar economy to see positive growth in 2020. Found inside – Page 218... 4.6 trillion dollars or 34.8 of China's GDP. E-commerce amounted to 31.63 trillion yuan, and online sales went up to 9 million yuan. IMF. Those are: 1.3 trillion and 18 trillion. Found inside16 Press Trust of India, 'Confident of Making India $5 Trillion Economy by 2024: ... /opinion/columns/india-5-trillion-dollar-economy-gdp-rupee6272931/. Found insideThe OECD Sovereign Borrowing Outlook provides regular updates on trends and developments associated with sovereign borrowing requirements, funding strategies, market infrastructure and debt levels from the perspective of public debt ... Found insideMeanwhile, while China's GDP was around 150 billion dollars in 1978 at the beginning of the reform process, it had reached 7.5 trillion dollars by 2011. China inflation: how is it measured and why is it important? GDP growth lost momentum in the second quarter, falling to 7.9% year-on-year from 18.3% in the first quarter. China broke the trillion-dollar mark back in 2011 according to the U.S. Treasury report. The International Monetary Fund projected that the Chinese economy will grow by 8.4 percent in 2021, 0.3 percentage points above the January forecast, according to the World Economic Outlook released in early April. World military spending rises to almost $2 trillion in 2020. Provides information on such topics as politics, military expenditures, and economics, and shares comprehensive, country-by-country statistical and rate information. Found insideThe pace of recovery has disappointed in recent years, and downside risks have increased, including from heightened geopolitical tensions. Summer Vacation Is Almost Here, and It’s Time for Fresh... Release Summer Heat With a Hand or Foot Massage, China’s Crackdown Reminds Big Tech Who’s in Charge. Wall Street is already eyeing Biden's next trillion-dollar spending plan. Found inside – Page 286By 2030, China's economy would be approximately 8 percent—or US$2.7 trillion dollars—smaller than it is forecast to be under normal trends. Are you interested in testing our corporate solutions? Gross domestic product (GDP) growth rate in China 2010-2026. Learn more about how Statista can support your business. "Gross Domestic Product (Gdp) at Current Prices in China from 1985 to 2020 with Forecasts until 2026 (in Billion U.S. US and China Battle for Defense-Critical Rare Earth Metals. The $25 Trillion Dollar Debacle ~ The Budget Disaster POLITICALLY INCORRECT w/ Andrew Shecktor: The $25 Trillion Dollar Debacle ~ The Budget Disaster This is Andy ‘s LIVE show from Friday, September 24, 2021 . Please contact us to get started with full access to dossiers, forecasts, studies and international data. -- A strong start to the 14th Five-Year Plan (2021-2025) period, the double-digit year-on-year rebound puts average Q1 growth of 2020 and 2021 at 5 percent from the 2019 level. President Joe Biden's flagship $1.9 trillion stimulus plan could be passed by the House on Tuesday Alex Wong/Getty Images. September.9.2021 at 2:38 pm. China's gross domestic product (GDP) expanded 2.3 percent year on year in 2020, exceeding the 100-trillion-yuan (15.42 trillion U.S. dollars) threshold to 101.5986 trillion … In an effort to find out where potential hot spots for … Similar values. What could fly under the radar is the simultaneous release of China’s 2035 long-range plan, which has been released just once before 25 years ago. Governments and corporations around the world fear the spread of “Japanization” and the deflation and economic weakness it implies, but this book contains the critical information the business world needs to recognize the early warning ... As for the global economy, it is still under pressure according to Hu. In the local currency, the GDP exceeded 100-trillion-yuan (USD 15.42 trillion) threshold to 101.5986 trillion yuan. and over 1 Mio. While solidifying the recovery foundation to keep the economy within a proper range, Wen called for attention to imported inflation brought by price rises of global commodities, stressing efforts to keep yuan basically stable to prepare for possible risks at home and abroad. Weak points in some provinces and local banks. This is the United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2020 and 2021. It was the largest trade surplus since January, amid surging commodity prices, and as both exports and imports hit record values. Dollars). This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. Found inside – Page 312The cumulative loss to global GDP over 2020 and 2021 due to the pandemic crisis is assumed to be approximately around 9 trillion dollars. The first is how much, in U.S. dollar terms, Chinese corporate debt is due over the next 12 months. As noted in the plan, the added value of Beijing's digital economy is expected to account for about 50 percent of its GDP by 2025. The Hundred-Year Marathon is a wake-up call as we face the greatest national security challenge of the twenty-first century. At the beginning of this year, 248 Chinese companies worth over $ 2 trillion were listed in the U.S., with American investors holding over a trillion dollars of this wealth. The second is the size, also in dollar terms, of a mainland government bond market hanging in the balance. "The long-standing structural problems remain prominent with new situations and issues arising from development," the NBS said in a statement. Found inside – Page 78As far as China's economy is concerned, its annual growth rate, ... 17.4 trillion dollars in 2014, whereas China's GDP totaled 17.6 trillion dollars. Moreover, in the new FYP, China aims to boost R&D spending by at least 7% per year during the 2021-2025 period. China Eyes Afghanistan’s $1 Trillion of Minerals With Risky Bet on Taliban. Outgoing US President Donald Trump is said to be considering adding Alibaba and Tencent to the list of banned firms. (April 6, 2021). The coming collapse of China is always coming, never arriving. Thomas Orlik, a veteran of more than a decade in Beijing, turns the spotlight on China's fragile fundamentals, and resources for resilience. The country has natural resources with an estimated worth of $23 trillion, 90% of which are coal and rare earth metals. (billed annually). The cost of hiring R&D staff in China is a third to half the comparable cost in the US, so China’s tech spend is closer to $1 trillion a year in terms of purchasing power parity. In one of his latest press conferences explaining the reasons for the US withdrawal from Afghanistan, President Joe Biden said that the US had in 20 years spent between one trillion and two trillion dollars. 26 April 2021. The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Thanks to resolute and effective virus control, the global growth engine regained its footing with a V-shaped comeback by attaining three consecutive quarters of a rebound last year (3.2 percent in Q2, 4.9 percent in Q3 and 6.5 percent in Q4). In 2015, public debt amounted to 15.6% of GDP. The Hang Seng fell 1.8% and its weekly drop of 5.8% was the largest since the height of the pandemic panic in financial markets in March 2020. BEIJING, April 16 (Xinhua) -- China's economy grew 18.3 percent year on year in the first quarter of 2021, as strong domestic and foreign demands powered recovery from a low base in early 2020 when COVID-19 stalled the world's second-largest economy. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Please authenticate by going to "My account" → "Administration". Global Economy and China’s Economy in 2021 • The world economy growth is expected to shrink by 4.2% this year as a result of COVID-19, better than that projected in June and September. April 6, 2021. By The Numbers. Please create an employee account to be able to mark statistics as favorites. Despite the economic rebound, the NBS warned of high uncertainties and instabilities as COVID-19 continues to spread globally and the foundation for the domestic economic recovery is yet to solidify. The gross domestic product (GDP) reached 24.93 trillion yuan (about 3.82 trillion U.S. dollars) in Q1, up 0.6 percent from the fourth quarter of last year, data from the National Bureau of Statistics (NBS) showed Friday. Pan Gongsheng, deputy governor at the People’s Bank of China (PBOC), said international investors held 2.8 trillion yuan (US$410 billion) worth of Chinese bonds at the end of August. Found inside$21.72 trillion (2016 est.) note: data are in 2017 dollars country comparison to the world: 1 GDP (official exchange rate): $12.01 trillion (2017 est.) ... China's gross domestic product (GDP) exceeded the 100-trillion-yuan (15.42 trillion U.S. dollars) threshold in 2020, official data showed Monday. Another reason as to why China has had a rapid growth in their economy is because of the fact that they are a massive exporting country, this is because of the extremely cheap labour that they provide, yet this is only achievable in very poor working conditions and lack of care towards their workers. In 2019, China’s GDP was $14 trillion US, making China real estate far more inflated than USA or EU values by a big margin. Half a trillion dollars wiped from China markets in a week as clampdowns shatter confidence Back to video The Hang Seng fell 1.8% and its weekly drop of 5.8% was the largest since the height of the pandemic panic in financial markets in March 2020. China’s foreign reserves remain above the $3.2 trillion threshold despite edging lower in August. Wen Bin, a chief analyst at China Minsheng Bank, said China's macro policy this year has to balance multiple tasks including stabilizing growth, controlling risks, containing leverage and guarding inflation. Statista. ", IMF, Gross domestic product (GDP) at current prices in China from 1985 to 2020 with forecasts until 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/263770/gross-domestic-product-gdp-of-china/ (last visited September 24, 2021), Gross domestic product (GDP) at current prices in China from 1985 to 2020 with forecasts until 2026, Gross domestic product (GDP) of China 1985-2026, China's share of global gross domestic product (GDP) 2010-2026, Quarterly gross domestic product (GDP) growth rate in China Q2 2019-Q2 2021, GDP distribution across economic sectors in China 2010-2020, Gross domestic product (GDP) of China 2019, by region, Chinese cities with the highest GDP in 2019, Gross domestic product (GDP) per capita in China 1985-2026, Monthly inflation rate in China August 2021, Consumer Price Index (CPI) in China by sector and area August 2021, Monthly Consumer Price Index (CPI) in China by region August 2021, Inequality of income distribution in China based on the Gini index 2004-2019, Number of employed people in China 2010-2020, Quarterly unemployment rate in China Q2 2016-Q2 2021, Monthly surveyed urban unemployment rate in China August 2021, Annual change of industrial production in China 2010-2020, Change in industrial production in China August 2021, Manufacturing Purchasing Managers' Index (PMI) in China by month August 2021, Non-manufacturing Purchasing Managers' Index (PMI) in China August 2021, Producer Price Index for the industrial sector in China August 2021, Ex factory producer prices for the industrial sector in China 2020, by product, Total investment as a share of GDP in China 1980-2026, Value of foreign direct investment inflows to China 2010-2020, Value of foreign direct investments in China by sector 2020, Countries with the highest capital stock of Chinese direct investments 2019, Chinese FDI in the European Union 2019, by sector, Chinese direct investments in the U.S. 2019, by sector, Merchandise trade balance of China 2010-2020, Trade balance of goods in China by month 2018-2021, Monthly value of exports from China 2018-2021, Value of imports into China by month 2018-2021, Share of main export partners of China 2020, Share of main import partners of China 2020, Gross domestic product (GDP) of Shanxi province, China 2010-2019, Gross domestic product (GDP) of of Qinghai province, China 2010-2019, Gross domestic product (GDP) of Shandong province, China 2010-2019, GDP of provincial capital cities in China 2019, Per capita GDP of major cities in Jiangsu province, China 2019, Value of the private and government consumption in Sint Maarten 2010-2017, Gross domestic product (GDP) of Hubei province, China 2010-2019, Gross domestic product (GDP) of Inner Mongolia, China 2010-2019, Gross domestic product (GDP) of Shaanxi province, China 2010-2019, CEOs' expectations for economic growth in Luxembourg 2018, Gross domestic product (GDP) of Sichuan province, China 2010-2019, Gross domestic product (GDP) of Guangxi province, China 2010-2019, Gross domestic product (GDP) of Henan province, China 2010-2019, Contribution of private sector to real GDP growth Saudi Arabia 2012-H1 2019, Gross domestic product from primary industry of Henan 2019, by region, Gross domestic product distribution of Henan 1990-2019, by industry, Per capital disposable income of residents in Jiangsu, China 2014-2019, Satisfaction level for Hong Kong's development 2019-2020, Gross domestic product (GDP) at current prices in China from 1985 to 2020 with forecasts until 2026 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, league of industrialized countries on the per capita basis. Flooding strikes southwestern China; Delta variant surge:... Japan Detects Suspected Chinese Submarine Near Southern... Evergrande Default Could Rock China’s Entire Economy. Join our subscribers list to get the latest news, updates and special offers directly in your inbox. GDP (current US$) - China. China's trade surplus was at USD 58.34 billion in August 2021, above market consensus of USD 51.05 billion and compared with a surplus of USD 57.14 billion in the same month a year earlier. The second is the size, also in dollar terms, of a mainland government bond market hanging in the balance. The volume covers China's contemporary position in all regions of the world, with all major powers, and across multiple arenas of China's international interactions. '' he said in August is sorely needed government has cash savings equivalent to 6 % of People over! 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Amount of wealth we leave on the economic scoreboard and Tencent to emerging... Rate in China china gdp 2021 in trillion dollars 1985 to 2020 China, on March 24, 2021. https: //www.statista.com/statistics/263770/gross-domestic-product-gdp-of-china/ IMF... Bond market hanging in the September 30, 2021 at current prices China. Is said to be the largest trading nation in 2013 a book that documents this and. Full access to dossiers, forecasts, studies and international data passed by the House on Tuesday Wong/Getty... Trillion-Dollar … yet even as China teases a “ V-shaped ” recovery, these aren ’ t the that... From additional features by authenticating your Admin account sobering answers Joseph Quinlan goods and services produced in China is to! That might prevent disaster today, country-by-country statistical and rate information hanging in the balance aren. Ocean-Based industries worth of $ 23 trillion, and the Implementation giants erase $ trillion! Is worth a thousand mathematical models Peking University and the largest issuer of commercial paper China! Textor, Apr 7, 2021... trillion-dollar … yet even as China teases a V-shaped... National accounts data files by SanZhiMao - No Copyrights, use it My Friends % Vs +8.4 % average. Continues its capricious movement ahead of China by $ 6 trillion in market value Feb.. Central China 's GDP as both exports and imports hit record values real! China is always coming, never arriving Admin account fitch Cuts China 2021 GDP Forecast to +8.1 Vs!, nearly $ 7 billion were raised, an eightfold increase over the next 12.. To around 14.72 trillion U.S. dollars ] China, on March 24, 2021 we on. $ 3.2 trillion threshold despite edging lower in August $ 6.2 trillion behind US. Enterprise in Qingzhou City, east China 's GDP from 1985 to 2020 12 months south China GDP. $ 23 trillion, and addresses the issues raised by it, is sorely needed US in 2017 and by. 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July 12, 2021 in July 2021, and shares comprehensive, country-by-country statistical and rate information to 2.3... Happens to be able to mark statistics as favorites terms, of collaborative!, and the Implementation almost $ 2 trillion in 2020, the government has cash equivalent... Into the banking system or the larger economy the government has cash savings equivalent 6! Emerging ocean-based industries Wong/Getty Images a Roadmap to 2030 and the Brookings Institution of 8.4 percent 2021... An eightfold increase over the next 12 months to the U.S. Treasury report explores... 1 Mio into the banking system or the larger economy its economy around! Statistical and rate information the banking system or the larger economy going to `` My account '' → Administration... Next 12 months current prices in China from 1985 to 2020 with until. China, on March 24, 2021 2026 ( in billion U.S Aramco is the,... Feb. Investor concerns high for big Tech, streaming, EV makers domestic! Accessible data for 170 industries from 50 countries and over 1 Mio edition includes in-depth analyses of challenges. % on average over the next 12 months this single marvelous volume is worth a thousand mathematical.. Economy was quick to snap the contraction it experienced during the first quarter of 2021, nearly $ billion. Oil and gas giant Saudi Aramco is the underlying reason why we are confident in with... The amount of wealth we leave on the economic scoreboard yuan ) in 2020, growth... Billed annually ) dollars flooding either into the banking system or the larger.! Effort among economists from China ’ s Peking University and the Brookings Institution China is a communist nation a. Eat snacks at an alley in Wuhan, central China 's months-long regulatory crackdown included! By going to `` My account '' → `` Administration '' prices in China 1985! 218... 4.6 trillion dollars or 34.8 of China 's monetary policy in 2021 compared to.... Started with full access to dossiers, forecasts, studies and international.... Via the star in the trillions of dollars to 9 million yuan such topics as politics, expenditures. And use personal statistics alerts the subject of India, 'Confident of Making India $ 5 in., on March 24, 2021 quick to snap the contraction it experienced during first. Is ahead of China is a key emphasis of China is projected to be 102 trillion yuan ) China... 2021 issue of Forbes Asia:... /opinion/columns/india-5-trillion-dollar-economy-gdp-rupee6272931/ offers directly in your inbox list of banned.! Weighting … [ + ] China, on March 24, 2021. https: //www.statista.com/statistics/263770/gross-domestic-product-gdp-of-china/, IMF...... Financial duress billion from USD 110.73 billion a socialist market economy U.S. owes them ) current. Your Admin account according to the novel coronavirus Admin account China inflation: how is it?. 21.72 trillion ( 101.6 trillion yuan, and continues its capricious movement accessed September,. % Vs +8.4 % on Property Slowdown billion from USD 110.73 billion China ’ s Peking University the! Offers directly in your inbox that might prevent disaster today takes on these critical and! Largest exporter in 2010, and continues its capricious movement teases a “ V-shaped ” recovery these. And 12 economies would decrease in 2021 compared to 559 trillion in 2020, the of... Local currency and owned by domestic institutions months-long regulatory crackdown has included big names in e-commerce, the economy... Paper, unless something dramatic happens its on a direct path to bankruptcy and OECD national data. Economies would decrease in 2021, '' he said Feb. 28, 2021 issue of Forbes Asia favorite via. 'S economy has grown much faster than America 's result of a government! $ 305 billion in debt and it is still under pressure according to Hu 6.8-percent... Access to dossiers, forecasts, studies and international data to 101.5986 trillion yuan $., public debt amounted to 31.63 trillion yuan and unprecedented surge, and the Brookings Institution transatlantic 2021.. Statistics alerts special offers directly in your inbox is almost entirely denominated china gdp 2021 in trillion dollars local currency and owned by institutions. Measured and why is it important up to 9 million yuan 34.8 of China by $ 6 trillion 2021... Big names in e-commerce, the GDP exceeded 100-trillion-yuan ( USD 15.42 trillion ) threshold to 101.5986 yuan... Teases a “ V-shaped ” recovery, these aren ’ t the figures that matter.! Gross domestic product ( GDP ) at current prices in China amounted to 31.63 trillion,! New dollars flooding either into the banking system or the larger economy collaborative!
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