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China's was the only major world economy to experience GDP growth in 2020, when its GDP increased by 2.3%. [ 95] However, it posted one of its worst economic performances in decades because of COVID-19 in 2022. [ 96] In 2023, IMF predicted China to continue being one of the fastest growing major economies. [ 97]
The gross domestic product of China in 2019 was CN¥ 99.08651 trillion, [ 4] or US$ 14.4 trillion (nominal). [ 5] China's nominal GDP surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006, Germany in 2007, Japan in 2010 and that of the Eurozone in 2018 making China the world's third largest economy after the European Union ...
China's gross domestic product stood at US$3.4 trillion while Germany's GDP was US$3.3 trillion for 2007. This made China the world's third largest economy by gross domestic product. [39] Based on these figures, in 2007 China recorded its fastest growth since 1994 when the GDP grew by 13.1 percent. [40]
The government, which in October unveiled 1 trillion yuan ($139.22 billion) in sovereign bonds to fund investment projects, is likely to press ahead with more fiscal spending to drive growth ...
China exports $2.65 trillion worth of products worldwide with most of those exports coming to the U.S. ... the IMF is projecting that China's GDP will expand by 3.2% in 2022 and 4.4% in 2023.
China’s real annual GDP growth surged an average of 9.5% between 1978 and 2018 as the nation quickly became a world power and pulled more than 800 million of its citizens from poverty.
The 14th Five-Year Plan of China, officially the 14th Five-Year Plan for Economic and Social Development and Long-range Objectives Through the Year 2035 of the People's Republic of China, is a set of economic goals designed to strengthen the Chinese economy between 2021 and 2025. It was drafted during the fifth plenum of the 19th Central ...
China's official military budget for 2023 totalled US$224 billion (1.55 trillion Yuan), the second-largest in the world, though SIPRI estimates that its real expenditure that year was US$296 billion, making up 12% of global military spending and accounting for 1.7% of the country's GDP. [251]