According to official Chinese data, China's GDP grew by 5% year-on-year in the first quarter of 2026, surpassing market expectations.
According to CCTV News, the National Bureau of Statistics of China released the economic performance data for the first quarter of 2026 on the 16th.
Preliminary calculations show that China's GDP in the first quarter of 2026 reached 33.4193 trillion RMB (19.37 trillion ringgit). Calculated at constant prices, this is a 5.0% increase year-on-year, an acceleration of 0.5% compared with the previous fourth quarter, and higher than foreign media analysts' forecast of 4.8% year-on-year growth.
By sector, the added value of the primary industry was 1.1941 trillion RMB (692.088 billion ringgit), up 3.8% year-on-year; the secondary industry added value was 11.6135 trillion RMB (6.73 trillion ringgit), up 4.9%; and the tertiary industry added value was 20.6117 trillion RMB (11.95 trillion ringgit), up 5.2%. Quarter-on-quarter, China's GDP in the first quarter of 2026 grew by 1.3%.