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Department of Economic Planning and Statistics deps.gov.bn Cambodia: National Institute of Statistics of Cambodia: nis.gov.kh China: National Bureau of Statistics of China: stats.gov.cn East Timor: Instituto Nacional de Estatística de Timor-Leste: inetl-ip.gov.tl Hong Kong: Census and Statistics Department: censtatd.gov.hk India: National ...
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 ]
[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. [8] [1] [11]
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).
The following estimates are taken exclusively from the 2007 monograph Contours of the World Economy, 1–2030 AD by the British economist Angus Maddison. [4] When graphed, one can see that India was the world's largest economy from year 1 to year 1500, when it lost the position to China, who subsequently lost the position around 1890.
Spain in 2023 exported $1.5 billion worth of the pork products China will investigate, Chinese customs data showed, more than second- and third-ranking the Netherlands and Denmark's combined ...
Despite economic stagnation after 1450 and the rise of early modern Europe, China's economy remained the world's largest from the 1500s until 1820 as the world's most populous country and remained the world's largest economy up until 1885, a figure higher than the US economy at the height of its economic dominance after World War II. [45]
According to data from the National Bureau of Statistics of China, as of 2021, the gap in per capita disposable income between urban and rural residents in China is 2.57 times, and the income level of urban residents is significantly higher than that of rural residents. The economic development and industrial structure of urban areas are more ...