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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 years since its implementing economic reform. According to preliminary data released by the authorities, China's GDP in 2023 was CN￥126.06 trillion (US$ 17.89 trillion [ 31 ] ) with a real increase of ...
The Prime Minister, Shri Narendra Modi meeting the President of the People's Republic of China, Mr. Xi Jinping, in Wuhan, China on April 27, 2018 China and India have historically maintained peaceful relations for thousands of years of recorded history, but the harmony of their relationship has varied in modern times, after the Chinese Communist Party's victory in the Chinese Civil War in 1949 ...
As of 2022, Chinese state media reported the country's total fertility rate to be 1.09. [3] China was the world's most populous country from at least 1950 [4] until being surpassed by India by 2023. [5] [6] By one estimate, in 2023 China's population stood at 1.409 billion, down from the 1.412 billion recorded in the 2020 census. [7]
For the first time since 1990, India grew faster than China which registered 6.9% growth in 2015. [needs update] However the growth rate subsequently decelerated, to 7.1% and 6.6% in 2016–17 and 2017–18 respectively, [192] partly because of the disruptive effects of 2016 Indian banknote demonetisation and the Goods and Services Tax (India ...
BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates.Originally identified to highlight investment opportunities, [1] the grouping evolved into a geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies since 2009.
The 2023 BRICS summit was the fifteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states: Brazil, Russia, India, China, and South Africa. [2][3] South African President Cyril Ramaphosa also invited the leaders of 67 countries to the summit. [4]
Countries by real GDP growth rate in 2023 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
[10] [11] In 2017 its population growth rate was 0.98%, ranking 112th in the world; in contrast, from 1972 to 1983, India's population grew by an annual rate of 2.3%. [ 12 ] In 2023, the median age of an Indian was 29.5 years, [ 13 ] compared to 39.8 for China and 49.5 for Japan; and, by 2030; India's dependency ratio will be just over 0.4. [ 14 ]