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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. [1]: 11.
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [27] China is the world's second largest economy by nominal GDP, behind the United States, and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
People's Republic of China portal. Communism portal. v. t. e. The Chinese economic reform or Chinese economic miracle, [1][2] 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 ...
China's economy in 1976 was three times its 1949 size (but the size of the Chinese economy in 1949 was one-tenth of the size of the economy in 1936), and whilst Mao-era China acquired some of the attributes of a superpower such as: nuclear weapons and a space programme; the nation was still quite poor and backwards compared to the Soviet Union ...
GDP per capita in China (1913–1950) After the fall of the Qing dynasty in 1912, China underwent a period of instability and disrupted economic activity. During the Nanjing decade (1927–1937), China advanced in a number of industrial sectors, in particular those related to the military, in an effort to catch up with the west and prepare for war with Japan.
The first three chapters briefly discuss China's geography, the Chinese economy before 1949, the socialist centrally planned command structure from 1949 to 1978, and a short analysis of the Chinese economic reform period that began in 1978. Then, beginning with Chapter 4, topics are narrowly defined by economic sector and discussed in greater ...
China's bilateral trade with African countries rose from $10 billion in 2000 to $125 billion in 2010 and stands to reach $300 billion by 2015, surpassing the United States as Africa's largest trading partner. China's trade with Latin America has also increased dramatically, rising to 1,500% between 2000 and 2010 through loans and direct foreign ...
History of trade of the People's Republic of China. Trade is a key factor of the economy of China. In the three decades following the dump of the Communist Chinese state in 1949, China's trade institutions at first developed into a partially modern but somewhat inefficient system. The drive to modernize the economy that began in 1978 required a ...