China Economic Snapshot Q1 2019 Report

China Economy in a Snapshot is a quarterly publication, designed to provide a comprehensive, albeit concise overview of current economic and financial developments.

The report covers the four main macroeconomic sectors (Real, Monetary & Financial, Fiscal and External), presenting commentary and charts on a broad range of topics that include:

Comprehensive overview of current economic and financial developments
Covers Real, Monetary & Financial, Fiscal and External macroeconomic sectors
Insights China's plans to open up private and foreign capital in certain sectors

In 2018 China’s real GDP rose by 6.6% y/y and reached over RMB 90tn in nominal terms. Although GDP growth achieved the annual target of 6.5%, it was 0.2 pp lower than in 2017. Real GDP grew by 6.8% in Q1, 6.7% in Q2, 6.5% in Q3, and 6.4% in Q4, showing a continuously decelerating trend.

By industry, the primary sector of the economy including industries such as mining, agriculture and forestry grew by 3.5% y/y, the secondary sector (manufacturing and construction) grew by 5.8% y/y, while the tertiary sector (services) grew the fastest – by 7.6% y/y. The importance of the services sector is growing, as it accounted for 52.2% of GDP in 2018, 0.3 pp higher than in 2017.

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