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Economy of the People's Republic of China

Day 1,847, 10:11 by REPUBLIC OF GEGA

The People's Republic of China (PRC) is the world's second largest economy by nominal GDP and by purchasing power parity after the United States.[1] It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years.[12] China is also the largest exporter and second largest importer of goods in the world. On a per capita income basis, China ranked 90th by nominal GDP and 91st by GDP (PPP) in 2011, according to the International Monetary Fund (IMF). The provinces in the coastal regions of China[13] tend to be more industrialized, while regions in the hinterland are less developed. As China's economic importance has grown, so has attention to the structure and health of the economy.[14][15] As the Chinese economy is internationalized, so does the standardized economic forecast officially launched in China by Purchasing Managers Index in 2005. [16] Most economic growth of China is created from Special Economic Zones of the People's Republic of China...

 

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