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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).
China's economy grew a bit more in 2023 than earlier thought, but the revision has not affected forecasts for “about 5%” growth in the GDP this year, the government said Thursday. The estimate ...
China's economy expanded at an annual rate of 4.6% in the July-September quarter, the government said Friday, in the latest evidence that recent efforts to rev up growth have yet to take hold.
The economy expanded roughly three times over the same period. China is likely to rely heavily on fiscal stimulus next year, analysts say, but could also use other tools to cushion the impact of ...
China's leadership is relying on an export surge to revive slumping growth, but those policies won't extract the world's second largest economy from the malaise that it's in, a top China watcher said.
[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.
China’s economy expanded by 6.3% in the second quarter from a year ago because of a low base, the National Bureau of Statistics said on Monday, with momentum slowing following a strong reopening ...
China's economy has shifted from high-speed growth to medium-to-high-speed growth. economic development has always been in a state of relative agglomeration, and the economic development pattern shows the evolutionary characteristics of "balanced-unbalanced-gradual equilibrium".