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A 50 MW molten-salt power tower in Hami, Xinjiang, China. The industrial sector comprised 38.3% of the gross domestic product (GDP) of China in 2023. [1] China is the world's leading manufacturer of chemical fertilizers, cement and steel. Prior to 1978, most output was produced by state-owned enterprises.
Jin Keyu (Chinese: 金刻羽; born 13 November 1982) is a Chinese economist.She serves as associate professor of economics at the London School of Economics and a World Economic Forum Young Global Leader, specialising in international macroeconomics and the Chinese economy. [1]
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).
After spending years climbing China's ultra-competitive academic ladder, "rotten-tail kids" are discovering that their qualifications are failing to secure them jobs in a bleak economy. Their ...
The estimate for total economic activity, or GDP, in 2023 for the world's second largest economy was increased by about 2.7% to 129.4 trillion yuan ($17.7 trillion), based on an economic census ...
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. After four miserable years, a ...
The reforms of 1978 changed TVEs, which became the most vibrant part of the Chinese economy as they experienced significant expansion in the 1980s and early 1990s. [ citation needed ] However, from 1989 to 1991, these enterprises faced challenges due to the blending of government administration with enterprise operations, marking a period of ...
Chinese inflation 1987 - 2022. 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 ...