Search results
Results From The WOW.Com Content Network
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).
More specifically, a mixed economy may be variously defined as an economic system blending elements of a market economy with elements of a planned economy, [1] markets with state interventionism, [2] or private enterprise with public enterprise. [3] [4] Common to all mixed economies is a combination of free-market principles and principles of ...
China's rise in the global economy catapulted the Middle Kingdom into East Asia's largest economy, overtaking Japan as the world's second largest economy in August 2010. [132] Until 2015, China was the world's fastest-growing major economy , with growth rates averaging 10% over 30 years.
Actually, mixed economies gravitate more heavily to one end of the spectrum. Notable economic models and theories that have been described as a "mixed economy" include the following: Georgism – socialized rents on land; Mixed economy (It can be categorized under many titles) American School; Dirigisme (Government-directed capitalist economy)
In the country's long-term development plan, China's regional economic layout and planning include large areas such as the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, and the Bohai Economic Rim; smaller areas include the Chengdu-Chongqing Economic Circle, the Wuhan Metropolitan Area, and the Greater Changsha ...
China's and Japan's economies are respectively the world's second and third-largest economies by nominal GDP, and both are highly influential on the world's tapestry in terms of cultural exportation. South Korea was the 13th largest in 2022 by nominal GDP and has been highly influential as well, with the popularity of the Korean wave since the ...
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
China has been the fastest growing economy in the world since the 1980s, with an average annual growth rate of 10% from 1978 to 2005, based on government statistics. Its GDP reached US$2.286 trillion in 2005. [3] Since the end of the Maoist period in 1978, China has been transitioning from a state dominated planned socialist economy to a mixed ...