YoY Change in Quarterly GDP in China
China| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The quarterly Gross Domestic Product (GDP) year-on-year (YoY) growth rate is an indicator that measures the total economic activity in China for a specific quarter compared to the same quarter in the previous year. This data is released quarterly by the National Bureau of Statistics (NBS) of China and is crucial for assessing long-term economic growth trends.
The YoY GDP growth rate helps gauge the extent of economic growth or stagnation. If GDP is increasing, it signifies economic expansion, potentially leading to higher corporate profits and increased employment. Conversely, if GDP is decreasing, it indicates economic stagnation or contraction, which could result in reduced corporate profits and higher unemployment.
This data serves as a vital reference for policymakers to evaluate the health of the economy and formulate appropriate monetary and fiscal policies. For instance, if GDP shows high growth, the central bank may consider raising interest rates to curb inflation risks. Conversely, if GDP is declining, there may be a need to strengthen economic stimulus measures. For businesses and investors, the GDP growth rate is an essential source of information for understanding economic prospects and making informed decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
