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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).
The China Economic Databases (CED) (Chinese: 中國經濟資料庫) is a project of the China Studies Center at National Chengchi University, Taiwan. It collects and publishes information on China's economic development to support scholarly research. The CED is available in Chinese and English.
In the mid-2000s, the strategy of economic rebalancing became a major principle of Chinese economic policy. [36]: 12 This strategy seeks to transition China from an export-driven economy to one led by Chinese innovation and domestic consumption.
Last year, China also set an “around 5%” target, in what was then the country’s lowest numerical target announced in decades. Earlier this year, it said economic growth had reached 5.2% in 2023.
[16]: 200 In March 1986, the State Council submitted "The 7th Five Year Plan for National Economic and Social Development of the People's Republic of China, 1986–1990" to the Fourth Session of the Sixth National People's Congress for review and ratification. It was the first time in China's history that an all-round plan for social and ...
The 14th Five-Year Plan, officially the 14th Five-Year Plan for Economic and Social Development and Long-range Objectives Through the Year 2035 of the People's Republic of China, is a set of Chinese economic development goals designed to strengthen the national economy between 2021 and 2025.
Development Research Center (DRC; Chinese: 国务院发展研究中心; pinyin: Guówùyuàn Fāzhǎn Yánjiū Zhōngxīn) of the State Council of China is a public institution responsible for policy research, strategic review and consulting of issues related to the economic and social development on mainland China.
The NDRC's functions are to study and formulate policies for economic and social development, maintain the balance of economic development, and to guide restructuring of the economic system of mainland China. [2] In March 1998, the commission was renamed into the State Development Planning Commission.