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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).
When the Chinese Communist Party (CCP) came to power in 1949, its leaders' fundamental long-range goals were to transform China into a modern, powerful, socialist nation. In economic terms these objectives meant industrialization, improvement of living standards, narrowing of income differences, and production of modern military equipment.
The Five-Year Plans (Chinese: 五年计划; pinyin: Wǔnián Jìhuà) are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People's Republic of China. Since 1949, the CCP has shaped the Chinese economy through the plenums of its Central Committee and national party congresses.
A Chinese dragon seen floating among clouds engraved on a Ming-era golden canteen (15th century). The economic history of China covers thousands of years and the region has undergone alternating cycles of prosperity and decline. China, for the last two millennia, was one of the world's largest and most advanced economies.
China's machinery manufacturing industry can provide complete sets of large advanced equipment, including large gas turbines, large pump storage groups, and nuclear power sets, ultra-high voltage direct-current transmission and transformer equipment, complete sets of large metallurgical, fertilizer and petro-chemical equipment, urban light rail transport equipment, and new papermaking and ...
The Maoist Great Leap Forward (simplified Chinese: 大跃进; traditional Chinese: 大躍進; pinyin: Dàyuèjìn) was the plan used from 1958 to 1961 to transform the People's Republic of China from a primarily agrarian economy by peasant farmers into a modern communist society through the process of agriculturalization and industrialization.
The ministry also records and publishes annual macroeconomic data on China's economy. This includes information such as previous economic growth rates in China, central government debt and borrowing and many other indicators regarding the economy of mainland China. The Ministry of Finance's remit is smaller than its counterparts in many other ...
To change this template's initial visibility, the |state= parameter may be used: {{Chinese paper money | state = collapsed}} will show the template collapsed, i.e. hidden apart from its title bar. {{Chinese paper money | state = expanded}} will show the template expanded, i.e. fully visible.
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