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China's Historical Nominal GDP for 1952–present (current price) [8] (the revised data released by NBS according to the results of the fifth national economic census in 2023) [9] year GDP: GDP per capita based on mid-yr pop. [10] Reference index: billions of GDP real growth (%) GDP per capita real growth (%) thousands of mid-yr pop. XRrate [11 ...
China's nominal GDP trend from 1952 to 2015. China's economy saw continuous real GDP growth of at least 5% since 1991. During a Chinese New Year in early 1992, China's paramount leader Deng Xiaoping made a Southern Tour of China designed to give new impetus to and reinvigorate the process of economic reform. During the Southern Tour, Deng ...
The economic history of China is covered in the following articles: Economic history of China before 1912, the economic history of China during the ancient China and imperial China, before the establishment of the Republic of China in 1912. Economy of the Han dynasty (202 BC – AD 220) Economy of the Song dynasty (960–1279)
The statistics bureau said China’s population shrank by more than 2 million people to 1.41 billion in 2023 from the prior year. The population had declined by 850,000 people in 2022 from 2021.
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 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
Last year, China also set an “around 5%” target, in what was then the country’s lowest numerical target announced in decades. Earlier this year, it said economic growth had reached 5.2% in 2023.
It accounted for 25.4% of global GDP in 1 CE, 29% of world global output in 1600 CE, 17.3% of the world's economy in 1870, and 33% in 1820 (its highest point). China's share of global GDP varied from a quarter to a third of global output until the late 19th century. [12]
China’s economy grew at a 5.2% pace last year, but that was on top of just 3% annual growth rate in 2022, when millions of people were locked down for weeks and some businesses were ordered to ...