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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).
After the liberalization of the economy of India, growth in India and China increasingly shifted the center of gravity of the global economy towards Asia. By the late 2000s, China's economic growth rate exceeded 11% while India's growth rate increased to around 9%. One of the factors was the sheer size of the population in this region.
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 ...
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.
China has set an ambitious economic expansion target of “around 5%“ for 2024, as its leaders vowed to “transform the growth model” in the face of significant challenges facing its development.
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]
Regional economic geography examines the economic conditions of particular regions or countries of the world. It deals with economic regionalization as well as local economic development. Historical economic geography examines the history and development of spatial economic structure. Using historical data, it examines how centers of population ...
HONG KONG — China said Tuesday that its population declined last year for the first time in six decades, a historic shift with profound implications for the world’s second-largest economy ...