China Revises 2019 GDP Growth to 6.0%

Lowered by 0.1 Percentage Points from the Preliminary 6.1%
2020 GDP to Be Released on January 18 Next Year

[Asia Economy Beijing=Special Correspondent Jo Young-shin] The National Bureau of Statistics of China has announced the revised growth rate of the Gross Domestic Product (GDP) for 2019.

According to Xinhua News Agency on the 30th, the National Bureau of Statistics revised last year's GDP growth rate from the previous 6.1% to 6.0%.

The revised GDP is 98.6515 trillion yuan (KRW 1,646.789 trillion), which is 435 billion yuan less than the provisional figure.

The 6.0% GDP growth rate in 2019 is the lowest level in 29 years since 3.9% in 1990.

However, the Chinese government achieved the originally set annual target range of 6.0 to 6.5%.

Xinhua News Agency stated that China's annual GDP is announced in provisional and final figures, and the figure announced this time is the final data.

Meanwhile, the 2020 Chinese GDP, which worsened significantly due to the novel coronavirus infection (COVID-19), is scheduled to be announced on January 18 next year.

China's GDP recorded minus 6.8% in the first quarter, then rebounded sharply to 3.2% in the second quarter and 4.9% in the third quarter. The Chinese government is optimistic that the annual GDP will reach the 2% range.

This content was produced with the assistance of AI translation services.