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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.
Xi Jinping became the General Secretary of the Chinese Communist Party and the Chairman of the Central Military Commission, the two most powerful positions on 15 November 2012. [184] And on March 14, 2013, he became the 7th President of China. [185] Li Keqiang became the Premier of China in March 2013.
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 ...
Chinese expansionism. Evolution of Chinese territories in mainland China throughout Chinese history. Territorial expansion took place during multiple periods of Chinese history, especially under the dynasties of Han, Tang, Yuan, and Qing. Chinese expansionism as a motivation or even coherent phenomenon has been contentiously discussed in regard ...
The Chinese Communist Revolution was a social revolution in China that began in 1927 and culminated with the proclamation of the People's Republic of China (PRC) in 1949. For the preceding century, termed the century of humiliation, China had faced escalating social, economic, and political problems as a result of Western and Japanese imperialism, and the decline of the Qing dynasty (1644–1912).
Diplomatic Recognition: China struggled for several decades to gain recognition from the international community. In 1971, the United Nations finally recognized the PRC and expelled the Republic of China (Taiwan). Since then, China has established diplomatic relations with almost all countries in the world.
The economy of East Asia comprises 1.6 billion people (20% of the world population) living in six different countries and regions. The region includes several of the world's largest and most prosperous economies: Taiwan, Japan, South Korea, China, Hong Kong, and Macau. It is home to some of the most economically dynamic places in the world, [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).