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China's economy, the world's second-largest, hit its official growth target of 5% last year, even as many complained of declining job prospects and worsening living standards.
China's lopsided trade flows and Xi Jinping's focus on manufacturing may represent the biggest danger to the global economy, according to former Treasury official Brad Setser. But he added that ...
In 2010, Goldman Sachs estimated that China’s economy could overtake America’s as the world’s largest by 2030. The Economist was bolder, predicting China would become the world’s largest ...
The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust, have been greatly effected by the property sector crisis due to over lending and a crackdown on regulations. [6] [7]
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2016 has been the world's largest economy when measured by purchasing power parity (PPP).
Reform and opening-up (Chinese: 改革开放; pinyin: Gǎigé kāifàng), also known as the Chinese economic reform or Chinese economic miracle, [1] [2] refers to a variety of economic reforms termed socialism with Chinese characteristics and socialist market economy in the People's Republic of China (PRC) that began in the late 20th century ...
Jia Kang, formerly the director of a think tank affiliated with the Ministry of Finance, told The Paper, a state-owned newspaper, last week that the recent “amplification” of monetary policy ...
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history.