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 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
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.
In order to more accurately reflect China's transition from a Soviet-style command economy to a socialist market economy (socialism with Chinese characteristics), the plans since the 11th Five-Year Plan for 2006 to 2010 have been referred to in Chinese as "guidelines" (Chinese: 规划; pinyin: guīhuà) instead of as "plans" (Chinese: 计划 ...
National economies can be run from the top down, so to speak, in what is sometimes called a command economy or they can be run from the bottom up in what is sometimes called a free market.
Jia, currently president of the China Academy of New Supply-side Economics, a private think tank, was quoted as saying the potential bond issuance of up to 10 trillion yuan was “not unreasonable ...
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises . [ 1 ]
The new globalization story starts in China because of the country's rapid economic rise and geopolitical tensions. For the most part, companies have an over-concentration of manufacturing and ...
The theory also played an important role in China's modern economy, as Deng stressed opening China to the outside world, [6] the implementation of one country, two systems, and through the phrase "seek truth from facts", [3]: 1500 an advocation of political and economic pragmatism.