GDP of 16 Chinese Provinces Breaches Trillion Yuan Threshold in First Half of 2018

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The latest official data indicates that 16 of China’s 33 province-level administrative divisions saw their GDP’s rise above the one trillion yuan (USD$147 billion) threshold in the first half of 2018.

A report from state-owned media indicates that China’s top ten province-level administrative divisions in terms of first half GDP were Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Sichuan, Hubei, Hebei, Hunan and Shanghai.

The coastal provinces of Guangdong and Jiangsu  both saw their GDP levels breach the 4 trillion yuan in the first half.

17 Chinese provinces posted economic growth ahead of the national average of 6.8%, with the country’s underdeveloped western region host to more rapid expansion.

Guizhou province saw the fastest first half GDP growth in China at 10.0%, for its fifteenth consecutive year of double-digit expansion since 2003.

Guizhou was the only Chinese province to post double-digit growth in the first half, while Tibet and Yunnan both saw growth of more than 9%.

The huge inland province of Sichuan posted year-on-year GDP growth of 8.2% in the first half, for its seventh consecutive quarter of growth above 8%.

 

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