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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]
List of 31 provincial-level administrative divisions in mainland China by Nominal GDP in 2023 (billions of GDP) [ 1] Average exchange rate in 2023: CNY 7.0467 per U.S. dollar [ 2] (PPP no longer included in the table for frequent changes in its index) Rank. Provinces.
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.
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.
It was the beginning of an era the World Bank has called “the fastest sustained expansion by a major economy in history.” China’s real annual GDP growth surged an average of 9.5% between ...
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.
List of countries by GDP (nominal) Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.