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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).
It was the first time in China's history that an all-round plan for social and economic development was created at the start of a new five-year plan. The national goals of the Plan included speeding up development on the coast, with inland regions role's being to "support and accelerate coastal development."
BEIJING (Reuters) - China defended the veracity of its economic numbers and asserted its military spending was "transparent and reasonable", while dismissing as "typical double standards" comments ...
The China Military Power Report (abbr. CMPR), officially the Military and Security Developments Involving the People's Republic of China, is an annual report produced by the United States Department of Defense for the United States Congress that provides estimates, forecasts, and analysis of the People's Republic of China (PRC) military and security developments for the previous year.
The World Bank last week raised forecasts for China's economy growth to 4.9% but warned that reduced confidence among households and businesses, an aging population as well as issues like low ...
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.
The Chinese economy is still growing, to the tune of 5.2% last year, according to official data. That compares with average annual growth of about 7% last decade, and more than 10% in the 2000s ...
According to data from the National Bureau of Statistics of China, as of 2021, the gap in per capita disposable income between urban and rural residents in China is 2.57 times, and the income level of urban residents is significantly higher than that of rural residents. The economic development and industrial structure of urban areas are more ...