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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).
The economic stimulus plan was seen as a success: While China's economic growth fell to almost 6% by the end of 2008, it had recovered to over 10% by in mid-2009. Critics of China's stimulus package have blamed it for causing a surge in Chinese debt since 2009, particularly among local governments and state-owned enterprises.
China Economic Yearbook (Almanac of China's Economy, 中国经济年鉴) is an annually published economic record that is published by the Development Research Center of the State Council of the People's Republic of China. Founded in 1981, China Economic Yearbook records the development of China's national economy and social progress annually.
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. [8] [1] [11]
Fitch forecast China's economic growth would slow to 4.5% in 2024 from 5.2% last year, in contrast to Citi and the International Monetary Fund, which both revised up their China forecasts.
The China Statistical Yearbook [3] (traditional Chinese: 中國統計年鑑; simplified Chinese: 中国统计年鉴 [4]), also translated into English as China Statistical Annual, [5] is a large-scale yearbook of statistical information [6] comprehensively reflecting the economic and social development of the People's Republic of China. [7] It ...
The United States on Tuesday criticized China for reducing the transparency of its reporting on basic economic data in recent months, and for cracking down on firms in China that had been ...
The National Bureau of Statistics (Chinese: 国家统计局) is a deputy-ministerial level agency directly under the State Council of China.Established in August 1952, the bureau is responsible for collection, investigation, research and publication of statistics concerning the nation's economy, population and other aspects of the society.