China's economic growth slows, but it has not run out of steam
GDP year-on-year growth rate
There was a rebound after 2020 when economic activity temporarily stalled due to the spread of the novel coronavirus, so the actual situation is hard to gauge.
GDP deflator year-on-year inflation rate
However, the reason real GDP growth is slowing includes rising prices (deflator increases).
GDP growth rate over two years (annualized)
Compared with two years ago when there was no COVID-19, GDP growth is declining on a trend basis, but nominal GDP remains at about 8%.
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