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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.
That means China’s fertility rate is now even lower than Japan’s, a country long known for its ageing society. A nurse cares for a newborn at the Women and Children's Hospital in Fuyang City ...
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, [i] officially the People's Republic of China (PRC), [j] is a country in East Asia. With a population exceeding 1.4 billion, it is the second-most populous country after India, representing 17.4% of the world population.
A 50 MW molten-salt power tower in Hami, Xinjiang, China. The industrial sector comprised 38.3% of the gross domestic product (GDP) of the People's Republic of China in 2023. [1] China is the world's leading manufacturer of chemical fertilizers, cement and steel. Prior to 1978, most output was produced by state-owned enterprises.
But adjusting for purchasing power parity (PPP), China became the world's second largest economy as early as 1999 surpassing Japan, and has toppled America to become the biggest economy since 2014. [7] From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching a historical high of 15.2% in 1984 and a record low of 3.8% in 1990 ...
The U.S. no longer boasts the world's largest economy. China, the world's most populous country, has overtaken America to claim the title of world's number one economic powerhouse, according to ...
For change of GDP per capita over time as a measure of economic growth, see real GDP growth and real GDP per capita growth. Non-sovereign entities (the world, continents, and some dependent territories ) and states with limited international recognition are included in the list in cases in which they appear in the sources.