Insight Report

PWC China Economic Quarterly Q2 2021

6 Sep 2021

China’s GDP growth reached 7.9% in Q2 and 12.7% in the first half of the year, while the threat of COVID-19 continues to be present.

Key takeaways



Here are some macro-economic highlights:

  1. GDP growth increased by 7.9% in Q2 and 12.7% in H1
  2. Total fixed asset investment reached 25.59 trillion yuan and increasing by 12.6%
  3. Total real estate investment increased by 15.0% and reached 7.22 trillion yuan
  4. PMI dropped to 50.9% in June, but still remained above the threshold of 50%
  5. The growth of industrial added values increased by 15.9% in H1
  6. Total retail sales of consumer goods increased by 23.0% to 21.19 trillion yuan in H1
  7. Imports and exports increased by 27.1% and reached 18.07 trillion yuan in H1
  8. PPI rose significantly in Q2 and hit a new high whereas CPI remained stable

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