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China's machinery manufacturing industry can provide complete sets of large advanced equipment, including large gas turbines, large pump storage groups, and nuclear power sets, ultra-high voltage direct-current transmission and transformer equipment, complete sets of large metallurgical, fertilizer and petro-chemical equipment, urban light rail transport equipment, and new papermaking and ...
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 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
And, China's steel industry has accounted for 44% of the total CO 2 emissions. China's industries are not the only determinate of air pollution; China's growing population has increased heavy traffic and power generation. Altogether, China's growing infrastructure has created 3.28 billion tons of industrial waste from 2013 to 2016. [57]
The following is a list of the exports of China. Data is for 2022, in billions of US$ , as reported by the Observatory of Economic Complexity . The top thirty exports are listed.
China's chemical industry evolved from a negligible base in 1949, grew substantially in the 1950s and early 1960s, and received major emphasis in the late 1960s and 1970s. In 1984 chemical products served primarily agriculture and light industry .
The state sector is a major part of China's economy, with SOEs accounting for approximately 25% of the national GDP. [13]: 6 China's SOEs are among the largest global firms by revenue, and of the 135 Chinese companies on the Fortune Global 500 list (2023), 85 are state-owned.
It was China's largest and the world's third-largest company by revenue in 2021, with annual revenues of over US$460 billion. [1] The Industrial and Commercial Bank of China was both China and the world's largest company by assets in 2021, with over US$5.5 trillion in total assets. [2]
Major players in China's electric power industry include: The five majors, and their listed subsidiaries: The five majors are all SOEs directly administered by SASAC. [83] Their listed subsidiaries are substantially independent, hence counted as IPPs, and are major power providers in their own right. Typically each of the big 5 has about 10% of ...