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[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.
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).
Historically, the United States was consistently year after year the world's largest economy since the early twentieth century. However, the report from 2014 showed that for the very first time China overtook the United States as the largest economy in the world taking into account purchasing power parity (PPP). Indeed, the margin of power ...
Gross domestic product (GDP) grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the estimate of 4.6% growth from a Reuters poll ...
Proportion of world (countries with data) nominal GDP for the countries with the top 10 highest nominal GDP in 2018, from 1980 to 2018 with IMF projections until 2024 [3] The gross domestic product of China in 2019 was CN¥ 99.08651 trillion, [ 4 ] or US$ 14.4 trillion (nominal).
China has been the fastest growing economy in the world since the 1980s, with an average annual growth rate of 10% from 1978 to 2005, based on government statistics. Its GDP reached US$2.286 trillion in 2005. [3] Since the end of the Maoist period in 1978, China has been transitioning from a state dominated planned socialist economy to a mixed ...
It is also the largest economy of a sub-national entity in terms of GDP (almost US$2.0 trillion [1] as of 2021) in all of Asia and 3rd largest sub-national entity in the world. In 2021, the gross regional product (GRP) is about $1.95 trillion, [ 2 ] with its per capita GDP of 98,700 RMB ($15,570 in nominal and $23,598 in PPP ). [ 3 ]
China's first domestic film to breach ¥360 million was released in 2009, The Founding of a Republic. [29] In 2015, Monster Hunt became the first domestic film in 17 years to become the overall highest-grossing film in China, earning ¥2.44 billion. [29]