- China revises 2021 GDP growth up to 8.4% from 8.1% – NBS
Market news
27 December 2022
China revises 2021 GDP growth up to 8.4% from 8.1% – NBS
In a statement released on Tuesday, China’s National Bureau of Statistics (NBS) said that they have revised the country’s estimate of 2021 gross domestic product (GDP) growth to 8.4% from 8.1% previously.
Additional takeaways
The size of GDP was also revised, to 114.92 trillion yuan ($16.51 trillion) from 114.37 trillion yuan.
Final data from the bureau shows the services sector, accounting for 53% of China's GDP, was 8.5% larger in 2021 than a year earlier.
Related reads
- AUD/USD bulls take a breather around 0.6750 as downbeat China data joins holiday mood
- China’s Industrial Profits drop 3.6% from January to November 2022
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page