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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. [1]: 11
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).
China's development is highly uneven; its major cities and coastal areas are far more prosperous than its rural and interior regions. [313] It has a high level of economic inequality, [314] which has increased quickly since the economic reforms. [315] Income inequality decreased in the 2010s, [316] and China's Gini coefficient was 0.357 in 2021 ...
HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, thanks to strong exports and ...
The little emperors (or little emperor effect) is an aspect or view of Mainland China's one-child policy.It occurs where children of the modern upper class and wealthier Chinese families, gain seemingly excessive amounts of attention from their parents and grandparents. [1]
The first three chapters briefly discuss China's geography, the Chinese economy before 1949, the socialist centrally planned command structure from 1949 to 1978, and a short analysis of the Chinese economic reform period that began in 1978. Then, beginning with Chapter 4, topics are narrowly defined by economic sector and discussed in greater ...
China’s economy in the first quarter beat expectations while receiving a boost from policies and an increase in demand, the government said Tuesday. China’s economy has struggled to bounce ...
China's economy expanded at an annual rate of 4.6% in the July-September quarter, the government said Friday, in the latest evidence that recent efforts to rev up growth have yet to take hold.