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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 2016 has been the world's largest economy when measured by purchasing power parity (PPP).
In 1986, as the first citizen of the People's Republic of China to receive a Ph.D. in economics from an overseas country, Fengbo Zhang headed Chinese Macroeconomic Research - the key research project of the seventh five-year plan, as well as completing and publishing the Chinese GDP data according to China's own research and calculations.
The National Bureau of Statistics (Chinese: 国家统计局) is a deputy-ministerial level agency directly under the State Council of China. Established in August 1952, the bureau is responsible for collection, investigation, research and publication of statistics concerning the nation's economy, population and other aspects of the society.
April 16 – The government of the People's Republic of China releases economic data for Q1 2009, showing a rise in GDP by 6.1%, fall in CPI by 1.2% during March, PPI down 4.6%, industrial output by 5.1%, retail sales up 15%, and fixed asset investment up 28.8%. [25] April 22 –
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 ...
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 ...
In May 2020, Chinese Premier Li Keqiang announced that, for the first time in history, the central government would not set an economic growth target for 2020, with the economy having contracted by 6.8% compared to 2019 and China facing an "unpredictable" time. However, the government also stated an intention to create 9 million new urban jobs ...
The state sector is a major part of China's economy, with SOEs accounting for approximately 25% of the national GDP as of 2020. [10]: 6 China's SOEs are among the largest global firms by revenue, and of the 135 Chinese companies on the Fortune Global 500 list (2023), 85 are state-owned.