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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).
[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]
China's development is highly uneven; its major cities and coastal areas are far more prosperous than its rural and interior regions. [313] It has a high level of economic inequality, [314] which has increased quickly since the economic reforms. [315] Income inequality decreased in the 2010s, [316] and China's Gini coefficient was 0.357 in 2021 ...
That means China’s fertility rate is now even lower than Japan’s, a country long known for its ageing society. A nurse cares for a newborn at the Women and Children's Hospital in Fuyang City ...
But adjusting for purchasing power parity (PPP), China became the world's second largest economy as early as 1999 surpassing Japan, and has toppled America to become the biggest economy since 2014. [7] From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching a historical high of 15.2% in 1984 and a record low of 3.8% in 1990 ...
The estimate for total economic activity, or GDP, in 2023 for the world's second largest economy was increased by about 2.7% to 129.4 trillion yuan ($17.7 trillion), based on an economic census ...
China’s economy in the first quarter beat expectations while receiving a boost from policies and an increase in demand, the government said Tuesday. China’s economy has struggled to bounce ...
The China Economic Analysis Monthly is published online, and reports on recent macroeconomic developments. The E-paper and the China Economic Analysis Monthly are available in traditional and simplified Chinese. 2. China Economic Analysis Monthly This monthly publication provides an indepth look at China's economy. Featuring graphs and text on ...