• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 25 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Mainland China’s GDP grew by 5.2% to US$17.6 trillion in 2023

Pierce Chan by Pierce Chan
Wed 17 Jan 2024 at 18:16
Slowing Chinese tourism recovery to pressure economic growth: Fitch
11
SHARES
270
VIEWS
Print Friendly, PDF & Email

China’s National Bureau of Statistics said Wednesday that the mainland’s Gross Domestic Product (GDP) grew by 5.2% year-on-year to RMB126.1 trillion (US$17.6 trillion).

According to information provided, the added value of primary industry in 2023 amounted to RMB8.98 trillion (US$1.26 trillion), representing a 4.1% increase over the previous year. The added value of secondary industry amounted to RMB48.3 trillion (US$6.75 trillion), representing a 4.7% increase, while the added value of tertiary industry amounted to RMB68.8 trillion (US$9.61 trillion), representing a 5.8% increase.

On a quarterly basis, GDP grew by 4.5% year-on-year in 1Q23, by 6.3% in 2Q23, by 4.9% in 3Q23 and by 5.2% in 4Q23. The fourth quarter was slightly lower than the market expectation of 5.3% growth.

FY23 growth of 5.2% was in line with market expectations, but the mainland’s economic growth after reopening was relatively slow compared with pre-pandemic year-on-year growth of 6.1% in 2019.

A figure of greater concern was mainland China’s natural population growth rate, which declined by 1.48% in 2023 – the second consecutive year of negative population growth.

In 2023, there were 9.02 million births, with a birth rate of 6.39 per thousand, while there were 11.1 million deaths with a mortality rate of 7.87%.

As of the end of 2023, the population of mainland China (excluding Hong Kong, Macau and Taiwan residents and foreigners residing in China) was approximately 1,409,670,000, a decrease of approximately 2,080,000 as compared to the end of the previous year.

According to the China Development Report 2023 published by the Development Research Center of the State Council of China, it is expected that the continuation of declining birth rates on the mainland will dominate the long-term trend of demographic changes in China, and it is estimated that the number of births in the coming years will decrease by approximately 1 million every 10 years.

It is also predicted that the total population of China in 2035 will be approximately 1.4 billion, dropping to approximately 1.3 billion by 2050.

RelatedPosts

Philippine tourist arrivals down 0.5% in 1Q25 on fewer visitors from South Korea, China

Contribution of Philippines tourism industry to national GDP rises to 8.9% in 2024

Fri 20 Jun 2025 at 06:46
Macau Chief Executive not expecting satellite casino closures to impact city’s GDP

Macau Chief Executive not expecting satellite casino closures to impact city’s GDP

Mon 16 Jun 2025 at 12:20
Falling Thailand visitor numbers linked to safety concerns as IR operators say it’s time to reboot tourism offering

Falling Thailand visitor numbers linked to safety concerns as IR operators say it’s time to reboot tourism offering

Thu 12 Jun 2025 at 16:40
Thai committee to submit report on legalized casinos in May

Thai tourism sector worried Beijing may restrict Chinese visitation if casinos legalized

Wed 26 Mar 2025 at 16:59
Load More
Tags: 2023ChinaGross Domestic Productpopulation
Share4Share1
Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Macau sports betting concessionaire Macau SLOT sees profit grow 32% to US$15.7 million in 2021

Macau sports betting operator Macau SLOT reports US$16 million profit in 2024, new one-year concession granted

by Pierce Chan
Wed 25 Jun 2025 at 14:07

Macau SLOT – Macau’s only sports betting concessionaire – reported a profit of MOP$130 million (US$16.1 million) in 2024, representing a slight 5.5% increase compared to 2023. The company also revealed it has been granted a one-year extension to its...

The Star Sydney’s casino license in limbo as final report from second inquiry handed to regulator

Star Entertainment Group shareholders give approval to AU$300 million Bally’s rescue package

by Ben Blaschke
Wed 25 Jun 2025 at 13:50

Star Entertainment Group shareholders have overwhelmingly voted in favor of an AU$300 million (US$195 million) rescue proposal by US casino operator Bally’s Corp and local investor Investment Holdings. At a General Meeting held on Wednesday morning, 99.36% of eligible shareholders...

Seaport Research: Thai casino regulations won’t be suitable for US operator involvement

Thailand’s move to recriminalize cannabis highlights casino operator concerns over regulatory instability

by Ben Blaschke
Wed 25 Jun 2025 at 05:53

Just weeks after global casino operators outlined the need for regulatory certainty if they are to pursue multi-billion-dollar investment into entertainment complexes in Thailand, their concerns look set to be highlighted by a government move to recriminalize cannabis. Thailand’s Public...

Sri Lankan cabinet approves creation of Gambling Regulatory Authority

Sri Lanka lifts restrictions on import of casino equipment

by Newsdesk
Wed 25 Jun 2025 at 05:46

Sri Lanka’s Committee on Public Finance (COPF) is said to have lifted restrictions imposed on the importation of gaming machines during the recent economic crisis. According to local media reports, casino equipment is among a range of products listed for...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English