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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. Based on the current price, the country's average annual GDP growth in these 32 years was 15.8%, reaching an historical high of 36.41% in 1994 and a record low of 6.25% in 1999.
On January 14, 2009, as confirmed by the World Bank [38] the NBS published the revised figures for 2007 financial year in which growth happened at 13 percent instead of 11.9 percent (provisional figures). China's gross domestic product stood at US$3.4 trillion while Germany's GDP was US$3.3 trillion for 2007.
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]
Economic history of China before 1912. A Chinese dragon seen floating among clouds engraved on a Ming -era golden canteen (15th century). The economic history of China covers thousands of years and the region has undergone alternating cycles of prosperity and decline. China, for the last two millennia, was one of the world's largest and most ...
It accounted for 25.4% of global GDP in 1 CE, 29% of world global output in 1600 CE, 17.3% of the world's economy in 1870, and 33% in 1820 (its highest point). China's share of global GDP varied from a quarter to a third of global output between the year 1 until the late 19th century. [11]
View history; Tools. Tools. move to sidebar ... This is an alphabetical list of countries by past and projected gross domestic product ... China * 91,039: 98,059 ...
Gross domestic product (GDP) grew 4.9% in July-September from the year earlier, data released by the National Bureau of Statistics showed, versus analysts' expectations in a Reuters poll for a 4.4 ...
Economic history of China (1912–1949) GDP per capita in China (1913–1950) 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 ...