China’s GDP expands 6.6% in 2018, as expected

Published: Jan 21, 2019 11:17

Save

Chinese gross domestic product was about 90.03 trillion yuan last year, up 6.6% from a year earlier

SHANGHAI, Jan 21 (SMM) – China said on Monday that its economy expanded 6.6% in 2018, meeting expectations but slower than 6.8% in 2017.

According to the National Bureau of Statistics (NBS), gross domestic product (GDP) was about 90.03 trillion yuan last year, up 6.6% from a year earlier, exceeding the government's annual growth target of 6.5%.

The NBS said that the economy grew reasonably and maintained overall stability.

For the fourth quarter of 2018, GDP growth came in at 6.4%, in line with the expectations.

Macroeconomics GDP

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 mins ago

Gold often soars during crises. Not this time — so what’s going on?

The Iran war continues to roil global markets, but gold isn’t shining so brightly right now even though many have long considered it a safe haven during a crisis.

14 mins ago

23 mins ago

Johnson Matthey and BASF North America Implemented Multiple Measures to Increase Production of High-Purity Platinum and Palladium

Johnson Matthey, in North America (e.g., refineries in Michigan and New Jersey), increased the yield and throughput of high-purity platinum and palladium (purity of 99.99%+) by optimizing solvent extraction and electrolysis purification processes and upgrading automation, in order to address the tight supply of raw materials from South Africa and Russia. BASF, in North America (e.g., sites in Michigan and Ohio), focused on improving the efficiency of secondary refining of platinum and palladium as well as catalyst regeneration, while expanding capacity for high-purity platinum and palladium salts and sponge, in order to offset the impact of restricted imports of Russian platinum group metals (PGMs) and production cuts at South African mines.

23 mins ago

30 mins ago

WPIC: The Global Platinum Market Will Remain in Deficit for a Fourth Consecutive Year in 2026

The latest report released by WPIC on March 4 showed that by 2026, the global platinum market would face a deficit for the fourth consecutive year, with a shortfall of 240,000 troy ounces (about 7 mt). Current above-ground stocks could meet just over four months of market demand. In terms of supply, mine supply remained stable (173 mt), while recycling volume rose 10% to 57 mt; with no major new mines coming on stream, supply elasticity was extremely low. Demand side, industrial demand rebounded 11%, investment demand surged 35% to 23 mt (a new record), while demand in the automotive and jewelry sectors edged down slightly.

30 mins ago