According to the data released by China's National Bureau of Statistics, in Q2 2021, China’s gross domestic product (GDP) reached 28,285.7 billion yuan, recording a year-on-year increase of 7.9% at constant prices and an average growth rate of 5.5% in two years.
Table 1. China's Year-on-Year GDP growth rate (%)
| years | 1 quarter | 2 quarter | 3 quarters | 4th quarter |
| 2016 | 6.9 | 6.8 | 6.8 | 6.9 |
| 2017 | 7.0 | 7.0 | 6.9 | 6.8 |
| 2018 | 6.9 | 6.9 | 6.7 | 6.5 |
| 2019 | 6.3 | 6.0 | 5.9 | 5.8 |
| 2020 | -6.8 | 3.2 | 4.9 | 6.5 |
| 2021 | 18.3 | 7.9 |
Table 2. China's Quarter-on-Quarter growth rate (%)
| years | 1 quarter | 2 quarter | 3 quarters | 4th quarter |
| 2016 | 1.5 | 1.8 | 1.7 | 1.6 |
| 2017 | 1.8 | 1.8 | 1.6 | 1.6 |
| 2018 | 1.8 | 1.7 | 1.3 | 1.5 |
| 2019 | 1.6 | 1.4 | 1.2 | 1.5 |
| 2020 | -8.7 | 10.0 | 2.8 | 3.0 |
| 2021 | 0.4 | 1.3 |
In the first half of the year, the contribution of final consumption expenditure to GDP growth was 61.7%.The contribution of total capital formation to GDP growth was 19.2%. The contribution of net exports of goods and services to GDP growth in the second quarter was 9.7%.
Services value added increased at an average growth rate of 4.9% in two years. The added value of services accounted for 55.7% of the GDP and contributed 53.0% to the national economic growth. Services account for around 80% of the country's actual use of foreign capital.
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