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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).
Economy of the Ming dynasty (1368–1644) Economy of the Qing dynasty (1644–1912) Economic history of China (1912–1949), the economic history of the Republic of China during the period when it controlled Chinese mainland from 1912 to 1949. For the economic history of the Republic of China during the period when it only controls Taiwan area ...
But adjusting for purchasing power parity (PPP), China became the world's second largest economy as early as 1999 surpassing Japan, and has toppled America to become the biggest economy since 2014. [7] From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching a historical high of 15.2% in 1984 and a record low of 3.8% in 1990 ...
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 ...
Economic history of China (1912–1949) 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 ...
China, for the last two millennia, was one of the world's largest and most advanced economies. [1][2][3] Economic historians usually divide China's history into three periods: the pre-imperial era before the rise of the Qin; the early imperial era from the Qin to the rise of the Song (221 BCE to 960 CE); and the late imperial era, from the Song ...
The history of China spans several millennia across a wide geographical area. Each region now considered part of the Chinese world has experienced periods of unity, fracture, prosperity, and strife. Chinese civilization first emerged in the Yellow River valley, which along with the Yangtze basin constitutes the geographic core of the Chinese ...