Finance
China Revises up 2023 GDP to $17.73 Trillion
Published by Global Banking & Finance Review®
Posted on December 26, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on Google
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 26, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on GoogleChina revised its 2023 GDP to $17.73 trillion, a 2.7% increase, driven by growth in secondary and tertiary industries, according to the National Bureau of Statistics.
BEIJING (Reuters) - China on Thursday revised up its 2023 gross domestic product (GDP) by 2.7% to 129.4 trillion yuan ($17.73 trillion), the head of the National Bureau of Statistics Kang Yi said at a press conference in Beijing.
China's fifth National Economic Census, released by the bureau on Thursday, showed more business entities and number of people employed in the secondary and tertiary industries at end-2023 compared with end-2018.
But people employed in property developers dropped 27% to 2.71 million at end-2023, versus end-2018, the economic census data showed.
($1 = 7.2992 Chinese yuan)
(Reporting by Kevin Yao; Writing by Ellen Zhang, Liangping Gao and Liz Lee; Editing by Himani Sarkar)
The main topic is China's revision of its 2023 GDP to $17.73 trillion, reflecting economic growth.
The secondary and tertiary industries showed growth according to the economic census data.
Employment in property development dropped by 27% to 2.71 million people by the end of 2023.
Explore more articles in the Finance category
