China

Nominal GDP for China was CN¥114,367bn in 2021, down from CN¥101,599bn in 2020. The Chinese population was estimated at 1.4bn in 2021 according to the IMF, while the United States is China’s biggest trading partner.

Variables Surveyed for China

Variables covered in our monthly analysis of China include:

  • Gross Domestic Product
  • Retail Sales
  • Fixed Asset Investment
  • Industrial Production
  • Consumer Prices
  • Producer Prices
  • Money Supply
  • Merchandise Exports
  • Merchandise Imports
  • Trade Balance
  • Current Account Balance
  • Central Govt Budget Balance
  • Interest Rates
  • Renminbi Currency Forecasts

Consensus Forecasts for China

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the Asian Development Bank, Chinese Academy of Social Sciences, IMF and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Asia Pacific Conensus Forecasts, September 2022

 

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for China on topics such as:

Main Data Sources for China

  • National Bureau of Statistics of China: As an agency directly under the State Council, the National Bureau of Statistics is in charge of statistics and economic accounting in China.
  • People's Bank of China: The People's Bank of China is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by the People's Bank Law and the Commercial Bank Law.

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.
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