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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).
The Special Economic Zones of China (SEZ) are designated zoned areas in China with unique economic policies and regulations often for business with foreign nations and enterprise. These zones typically foster more free-market -oriented business regulations compared to the rest of the country.
List of 31 provinces in mainland China by nominal GDP for 2023 & 2024 (at current price) [1] provinces GDP in 2024 (mil. GDP) (preliminary budget data) GDP in 2023 (mil. GDP) (revision based on the 5th econ-census) ExRate: ￥7.1217 per US dollar in 2024 [2] ExRate: ￥7.0467 per US dollar in 2023; CN¥ US$ share (%) CN¥ US$ share (%) Mainland ...
Since the implementation of reform and opening up in mainland China in 1978, its economy has developed rapidly. In 1995, the GDP per capita of Beijing, Tianjin, and Shanghai reached more than 1,000 US dollars; by 2000, there were 10 provinces with GDP per capita exceeding 1,000 US dollars, of which Beijing, Tianjin, and Shanghai exceeded 2,000 ...
Geography of China; Continent: Asia: Region: East/Southeast Asia: Coordinates: 1]: Area: Ranked 3/4: • Total: 9,596,960 [1] km 2 (3,705,410 sq mi): • Land: 97.2 [1] %: • Water: 2.8 [1] %: Coastline: 14,500 [1] km (9,000 mi): Borders: Afghanistan, Bhutan, Myanmar, India, North Korea, Kazakhstan, Kyrgyzstan, Pakistan, Laos, Mongolia, Nepal, Russia, Tajikistan, Vietnam: Highest point: Mount ...
Historically, the Chinese economy was characterized by widespread poverty, extreme income inequalities, and endemic insecurity of livelihood. [1] Improvements since then saw the average national life expectancy rise from around forty-four years in 1949 to sixty-eight years in 1985, while the Chinese population estimated to be living in absolute poverty fell from between 200 and 590 million in ...
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.
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]