China's economy has seen extraordinary growth over the past few decades, as illustrated by Statista's animation with IMF data. From 1984 to 2024, China’s annual growth consistently outpaced that of the U.S. and EU, except in 2022 when EU GDP growth was 0.6 percentage points higher (3.6% vs. 3%). However, China's growth has slowed significantly since 2015, falling below 7%. The global impacts of the COVID-19 pandemic marked a turning point in 2020, with China’s GDP still growing by around 2.2% ev