2023-07-17 04:38:47
According to preliminary data, the Chinese GDP He stood at 59.3 billion yuan, some 8.27 trillion dollars at the current exchange rate. In addition, the authorities reported that economic growth in annual terms was 5,5%.
Thus, the growth rate of China’s GDP accelerated to 1% compared to the first quarter of 2023, according to official data.
The agency specified that the primary sector of the Chinese economy, that is, the agrariangrew by 3.7% compared to the same period in 2022 and reached about 3.04 trillion yuan, which is equivalent to about 424.4 billion US dollars.
The secondary sector of the economy, that of industry and constructionrose 4.3% to 23.06 trillion yuan, or about 3.21 trillion dollars.
The tertiary or service sector, for its part, grew by 6.4% to 33.19 trillion yuan, that is, around 4.6 trillion dollars.
Last March, China’s economic development plan was published, according to which the country’s GDP will grow by 5% in 2023. The document also projects that unemployment will not exceed 5.5% and some 12 million new jobs.
The same month, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, declared that China will generate almost a third of global growth in 2023.
For its part, the World Bank reported in June that China’s economy will recover to 5.6% this year, before slowing to 4.6% in 2024.
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