ChinaNow is a real-time, alternative measure of Chinese real GDP designed to capture China’s business cycle dynamics that are not readily observable in official GDP data. We provide quarterly updates. 

ChinaNow estimate for 2025:Q3: 4.9 percent

We use a dynamic factor model (DFM) that draws on a broad set of high-frequency indicators that are informative about the Chinese economy particularly its business cycle. For a detailed description of the methodology and data, please see our paper.

What Happens in China does not Stay in China.