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According to the annual data of major economic indicators released by the National Bureau of Statistics since 1952, China's GDP grew by an average of 6.17% per year in the 26 years from 1953 to 1978. China implemented economic reform in 1978, and from 1979 to 2023, the country's GDP growth rate grew by an average of 8.93% per year in the 45 ...
[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 China Statistical Yearbook [3] (traditional Chinese: 中國統計年鑑; simplified Chinese: 中国统计年鉴 [4]), also translated into English as China Statistical Annual, [5] is a large-scale yearbook of statistical information [6] comprehensively reflecting the economic and social development of the People's Republic of China. [7] It ...
China's economy expanded by 0.8% in the three months ending in June compared with the previous quarter, down from 2.2% in January-March. That is equivalent to a 3.2% annual rate, which would be ...
China’s youth unemployment figure, applying to those ages 16 to 24 without a job, hit a record high of 21.3% in June, the result of a slowing economy and a tighter job market in sectors like tech.
Economic activity in China appeared to improve in August, with data released on Friday suggesting a downturn in growth may be stabilizing. But more bad news on real estate highlighted the ...
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises . [ 1 ]
The United States on Tuesday criticized China for reducing the transparency of its reporting on basic economic data in recent months, and for cracking down on firms in China that had been ...