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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 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
The Chinese economy was expected to recover quickly in 2023 and resume its role as the undisputed engine of global growth. ... referring to the notion that emerging economies grow quickly out of ...
China's economy grew at a 5.2% pace in the first three quarters of the year and showed signs of improvement in November, with factory output and retail sales rising, the government said Friday.
The still robust growth is largely due to the economy growing just 0.4% a year earlier in April-June of 2022 amid strict lockdowns in Shanghai and other cities during COVID-19 outbreaks.
In 1996, the Chinese economy continued to grow at a rapid pace, at about 9.5%, accompanied by low inflation. The economy slowed for the next three years, influenced in part by the Asian Financial Crisis, with official growth of 8.9% in 1997, 7.8% in 1998 and 7.1% for 1999.
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
China's economy has growing a bit more slowly than the official target for a 5% expansion in annual terms this year, and the property market is still in the doldrums. Consumer spending remains ...
As China’s economy shifts from its role as the world’s factory to a more developed, consumer-centric model, some of the country’s youth have also decided that “lying flat” or “letting ...