GDP growth (quarterly) · China
China GDP Growth Rate QoQ
The China GDP Growth Rate QoQ measures how much the economy of China, the total value of goods and services it produces after inflation, grew compared with the previous quarter.
- Importance
- High
- Released
- Quarterly
- Currency
- CNH · Chinese yuan (renminbi)
- Central bank
- The People's Bank of China
Latest figures
The latest release for Q3, published on 19 October 2026, came in at 1.2%, above the consensus of 1.1%, up from 0.9% the time before.
A stronger figure than expected points to a healthier economy: it usually supports the Chinese yuan (renminbi) and local stocks, and can push bond yields up.
Over the last 8 releases it ranged from 0.9% to 1.6%, averaging 1.2%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 19 Oct 2026 | Q3 | 1.2% | 1.1% | 0.9% |
| 15 Jul 2026 | Q2 | 0.9% | 0.9% | 1.3% |
| 16 Apr 2026 | Q1 | 1.3% | 1.3% | 1.2% |
| 19 Jan 2026 | Q4 | 1.2% | 1% | 1.1% |
| 20 Oct 2025 | Q3 | 1.1% | 0.8% | 1.0% ® |
| 15 Jul 2025 | Q2 | 1.1% | 0.9% | 1.2% |
| 16 Apr 2025 | Q1 | 1.2% | 1.4% | 1.6% |
| 17 Jan 2025 | Q4 | 1.6% | 1.6% | 1.3% ® |
Why it matters
GDP is the broadest measure of economic health. Two quarters of contraction are the common rule of thumb for a recession. Stronger growth supports corporate earnings, jobs and the Chinese yuan (renminbi), and can push the People's Bank of China towards higher rates; a contraction raises the odds of cuts.
How it is calculated
the National Bureau of Statistics (NBS) adds up spending in the economy: consumption + investment + government spending + exports − imports, measured at constant prices (real GDP) and adjusted for seasonal patterns. The first (advance or flash) estimate is revised as more data arrive. The US annualises the quarterly change.
GDP = C + I + G + (X − M)
Growth (qoq) = real GDP ÷ real GDP last quarter − 1
Annualised = (1 + qoq)⁴ − 1What changes mean
- Compare with the consensus and with the previous quarter; the first estimate gets the biggest reaction.
- Look at the mix: growth from consumption and investment is healthier than growth from inventories.
- An annualised US figure of 2% is close to its long-run trend; 0.5% quarter on quarter is similar in European terms.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Chinese yuan (renminbi) and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Chinese yuan (renminbi) tends to soften and markets price in lower rates.
A short history
Simon Kuznets built the first national income accounts for the US Congress in 1934. GDP replaced GNP as the US headline measure in 1991; international standards are set in the UN System of National Accounts.
Questions
What is the China GDP Growth Rate QoQ?
The China GDP Growth Rate QoQ measures how much the economy of China, the total value of goods and services it produces after inflation, grew compared with the previous quarter.
What was the latest China GDP Growth Rate QoQ?
1.2% for Q3, published on 19 October 2026 (consensus 1.1%, previous 0.9%).
What is the difference between quarterly and annual GDP growth?
Quarterly growth compares with the previous quarter (the latest momentum); annual growth compares with the same quarter a year earlier.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.