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China is considered the most open large country; by 2005, China's average statutory tariff on industrial products was 8.9%. The average was 30.9% for Argentina, 27.0% for Brazil, 32.4% for India, and 36.9% for Indonesia. [148] China's trade surplus is considered by some in the United States as threatening American jobs.
On Tuesday, hashtags about China's stock market — including the apt #A-shares rollercoaster — rushed to the top of Weibo's trending list. A-shares are stocks of Chinese companies listed on the ...
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 joined a number of international economic organizations, becoming a member of the World Bank, the International Monetary Fund, the Asian Development Bank, the General Agreement on Tariffs and Trade (GATT), and the Multi-Fiber Agreement. China became an observer of GATT in 1982 and formally applied to participate as a full member in July 1986.
HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, thanks to strong exports and ...
China’s AI startup DeepSeek triggered a tech sell-off today as investors panicked over fears of a cheaper open-source model. ... erasing a record $589 billion from its market cap.
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 Chinese stock market and economy grew quickly, [vague] and by 2012, the number of listed companies between the Shanghai and Shenzhen Securities Exchanges had risen to over 2,400, worth a market capitalization of nearly 50% of China’s real GDP, and included over 200 million active stock and mutual fund accounts.