What it measures
Gross Domestic Product measures the value of what China's economy produces. The headline is the change from the same quarter a year earlier, after removing price changes. The government sets an annual growth target, and results are often compared with it.
The calendar shows the date and time of this release only; the figure itself is on the official page linked at the bottom.
Who publishes it and when
The National Bureau of Statistics publishes quarterly GDP at 10:00 Beijing time, usually in the second half of the month after the quarter ends, together with monthly data on industrial production, retail sales and investment.
How it is put together
The NBS compiles GDP from production data across industries and regions. It is published quickly after the quarter ends, and the monthly activity data released on the same morning often attracts as much attention.
What traders watch
Traders compare growth with the official target and with expectations, and look at the monthly retail sales and industrial production figures released at the same time.
How markets have usually reacted
A stronger reading has often supported the Australian dollar, industrial metals and Asian stock indices; a weaker one has often weighed on them. The reaction can be muted when markets focus on government stimulus plans instead.
Common mistakes
- Comparing it with U.S. GDP without noticing that China reports growth against a year earlier, not an annualised quarterly rate.
- Ignoring the monthly activity data released alongside it.
How a higher or lower figure is usually read
There is no figure in the calendar for this event. Growth close to or above the official target is usually read as supportive for commodity-linked currencies. Not a signal.
Release history
| Date | Period |
|---|---|
| — |
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Official source
Published by National Bureau of Statistics of China (NBS): www.stats.gov.cn