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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 ...
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.
According to a 2019 research paper published by the Brookings Institution adjusting the historical GDP time series using value-added tax data, which the authors said are "highly resistant to fraud and tampering", [130] [131] China's economic growth may have been overstated by 1.7 percent each year between 2008 and 2016, meaning that the ...
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 GDP (CN¥) GDP (US$) nominal growth (%) real growth (%) Share (%) China(Mainland ...
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
China is one of the world's fastest-growing major economies, [281] with its economic growth having been almost consistently above 6 percent since the introduction of economic reforms in 1978. [282] According to the World Bank, China's GDP grew from $150 billion in 1978 to $17.96 trillion by 2022. [283]
Five-year plans of China. The Five-Year Plans (Chinese: 五年计划; pinyin: Wǔnián Jìhuà) are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People's Republic of China. Since 1949, the CCP has shaped the Chinese economy through the plenums of its Central Committee and ...
Economic history of China before 1912. For developments from 1912 onwards, see Economic history of China (1912–1949) and Economic history of China (1949–present). 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 ...