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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 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
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 ...
Since the country's industrialization in the 1960s, China is currently the world's largest emitter of greenhouse gases, and coal in China is a major cause of global warming. [10] China is also the world's largest renewable energy producer (see this article), and the largest producer of hydroelectricity, solar power and wind power in the world
All GDP figures are based on the national currency Chinese yuan (code:CN¥). For an easy comparison they are converted into US dollars according to official average annual exchange rates , purchasing power parity (PPP) according to comparison of IMF WEO figures.
China is the world's largest exporter, a position it has maintained continuously since 2010. It is the largest trading partner of over 120 countries, as of at least early 2024. As a member of the Regional Comprehensive Economic Partnership (RCEP), China is part of the world's largest trading bloc.
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 ...
The plan is representative of China's efforts to rebalance its economy, shifting emphasis from investment towards consumption [2]: 196–197 and development from urban and coastal areas toward rural and inland areas – initially by developing small cities and greenfield districts to absorb coastal migration. Economic rebalancing was the plan's ...
China faces a problem with air quality as a consequence of industrialization. China ranks as the second largest consumer of oil in the world, and "China is the world's top coal producer, consumer, and importer, and accounts for almost half of global coal consumption.”, [55] as such their CO 2 emissions reflect the usage and production of ...
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