Search results
Results from the WOW.Com Content Network
Organized Labour. v. t. e. 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]
It is the world's second largest economy by nominal GDP, behind the United States, and the world's largest economy since 2016 when measured by purchasing power parity (PPP). [note 2] China accounted for 19% of the global economy in 2022 in PPP terms, [30] and around 18% in nominal terms in 2022.
The Chinese economic reform or Chinese economic miracle, also known domestically as reform and opening-up (Chinese: 改革开放; pinyin: Gǎigé kāifàng), refers to a variety of economic reforms termed "socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC) that began in the late 20th century, after Mao Zedong's death in 1976.
Socialism with Chinese characteristics is a set of political theories and policies of the Chinese Communist Party (CCP) that are seen by their proponents as representing Marxism–Leninism adapted to Chinese circumstances and specific time periods, consisting of Deng Xiaoping Theory, Three Represents ( Jiang Zemin ), Scientific Outlook on ...
Politics of China. The Beijing Consensus ( Chinese: 北京共识) or China Model ( Chinese: 中国模式 ), also known as the Chinese Economic Model, [1] is the political and economic policies of the People's Republic of China (PRC) [2] that began to be instituted by Deng Xiaoping after Mao Zedong 's death in 1976. The policies are thought to ...
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history.
e. The East Asian model, [1] pioneered by Japan, is a plan for economic growth whereby the government invests in certain sectors of the economy in order to stimulate the growth of specific industries in the private sector. It generally refers to the model of development pursued in East Asian economies such as Japan, South Korea, Hong Kong and ...
Special economic zones ( SEZs) in mainland China are granted more free market -oriented economic policies and flexible governmental measures by the government of China, compared to the planned economy elsewhere. This allows SEZs to utilize economic management which is more attractive to foreign and domestic businesses.