Historically, China was one of the world's foremost economic powers for most of the two millennia from the 1st until the 19th century. China accounted for around one-quarter of the global GDP until the late 1700s and … See more

State-owned enterprises accounted for over 60% of China's market capitalization in 2019 and generated 40% of China's GDP of US$15.98 trillion dollars (101.36 trillion yuan) in … See more

The economic reforms implemented in 1978 helped to propel China into the ranks of the world's major economic powers. The economic development of Shenzhen has caused the city to be referred to as the world's next Silicon Valley. The provinces in the coastal See more

Environmental transition
Over the years, large subsidies were built into the price structure of certain commodities and these subsidies grew substantially in the late 1970s and 1980s.
By 2010, rapidly rising wages and a general increase in … See more

China has had the world's largest middle class population since 2015, and the middle class grew to a size of 400 million by 2018 and is projected to reach 1.2 billion by 2027, making up one fourth of the world total. As of 2018, China was first in the world in total … See more

China's unequal transportation system, combined with important differences in the availability of natural and human resources and in industrial infrastructure, has produced significant … See more

The following table shows the main economic indicators in 1980–2021 (with IMF staff stimtates in 2022–2027). Inflation below 5% is in green.
Inflation
During the winter of 2007–2008, inflation ran about 7% on an … See more