China CNY

China GDP Growth Rate YoY

Impact:
High

Latest Release:

Date:
Surprise:
0.3%
| CNY
Actual:
5.4%
Forecast: 5.1%
Previous/Revision:
5.4%
Period: Q1

Next Release:

Date:
Forecast: 4.1%
Period: Q2
What Does It Measure?
The China GDP Growth Rate Year-over-Year (YoY) measures the economic performance of China by comparing the Gross Domestic Product (GDP) of the current year to that of the previous year. It assesses overall economic activity, including production, consumption, investment, and international trade, providing insight into the country's economic health and growth trajectory.
Frequency
The China GDP Growth Rate is released on a quarterly basis, typically about 10 days after the end of each quarter, and includes definitive figures without preliminary estimates.
Why Do Traders Care?
Traders closely monitor the GDP growth rate as it serves as a key indicator of economic strength and can influence decisions on investments in currencies (like the CNY), commodities, and stocks. Stronger-than-expected GDP growth is generally perceived as bullish for financial markets, while weaker growth can lead to bearish sentiments due to concerns over economic performance.
What Is It Derived From?
The GDP growth rate is derived from comprehensive economic data collected by the National Bureau of Statistics of China, utilizing a variety of sources including industrial output, retail sales, and investment figures. It is calculated using a formula that compares the current GDP against the GDP from the same period in the previous year, reflecting the total economic output.
Description
This indicator reports the national GDP growth rate on a YoY basis, allowing analysts to track long-term trends in China's economic performance while smoothing out short-term fluctuations and seasonal variations. This measure is crucial for understanding China's position in the global economy, especially considering its significant role as a trade partner for many countries.
Additional Notes
The GDP Growth Rate serves as a coincident economic indicator, reflecting the current state of economic activities in China and often influencing global markets. It is often compared with other economic indicators such as industrial production and retail sales to provide context for its implications on broader economic trends and policies.
Bullish or Bearish for Currency and Stocks
If the actual GDP growth rate is higher than expected: Bullish for CNY, Bullish for Stocks. If lower than expected: Bearish for CNY, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
5.4%
5.1%
5.4%
0.3%
5.4%
5%
4.6%
0.4%
4.6%
4.5%
4.7%
0.1%
4.7%
5.1%
5.3%
-0.4%
5.3%
5%
5.2%
0.3%
5.2%
5.3%
4.9%
-0.1%
4.9%
4.4%
6.3%
0.5%
6.3%
7.3%
4.5%
-1%
4.5%
4%
2.9%
0.5%
2.9%
1.8%
3.9%
1.1%
3.9%
3.4%
0.4%
0.5%
0.4%
1%
4.8%
-0.6%
4.8%
4.4%
4%
0.4%
4%
3.6%
4.9%
0.4%
4.9%
5.2%
7.9%
-0.3%
7.9%
8.1%
18.3%
-0.2%
18.3%
19%
6.5%
-0.7%
6.5%
6.1%
4.9%
0.4%
4.9%
5.2%
3.2%
-0.3%
3.2%
2.5%
-6.8%
0.7%
-6.8%
-6.5%
6%
-0.3%
6%
6%
6%
6%
6.1%
6.2%
-0.1%
6.2%
6.2%
6.4%
6.4%
6.3%
6.4%
0.1%
6.4%
6.4%
6.5%
6.5%
6.6%
6.7%
-0.1%
6.7%
6.7%
6.8%
6.8%
6.8%
6.8%
6.8%
6.7%
6.8%
0.1%
6.8%
6.8%
6.9%
6.9%
6.8%
6.9%
0.1%
6.9%
6.8%
6.8%
0.1%
6.8%
6.7%
6.7%
0.1%
6.7%
6.7%
6.7%
6.7%
6.6%
6.7%
0.1%
6.7%
6.7%
6.8%
6.8%
6.8%
6.9%
6.9%
6.8%
7%
0.1%
7%
6.9%
7%
0.1%