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economy of China
Also known as economy of PRC, economy (China), economy (People's Republic of China), economy of the People's Republic of China, economy (PRC)
economy of the country
AI overview
I appreciate your request, but I notice that the context provided ("economy of the country") is too vague and generic to write an accurate, fact-based overview of China's economy specifically. To provide you with reliable information without inventing facts, I would need more substantive context about China's economic characteristics, structure, or significance. Could you provide more detailed source material?
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Wikidata facts
- Nominal GDP
- 114367000000000
- GDP per capita
- 8826
- GDP (PPP)
- 23350230198209
- Unemployment rate
- 3.64
Show 5 more facts
- Commons category
- Economy of China
- total reserves
- 3235681607213
- inflation rate
- 2.1
- PPP GDP per capita
- 16842.408
- real GDP growth rate
- 6.7
Sources (15)
~40 min read
Article
The People's Republic of China (PRC) has a developing socialist market economy, incorporating industrial policies and strategic five-year plans. China has the world's second-largest economy by nominal GDP and since 2016 has been the world's largest economy when measured by purchasing power parity (PPP). China accounted for 19% of the global economy in 2025 in PPP terms, and around 17% in nominal terms in 2025. The economy consists of state-owned enterprises (SOEs) and mixed-ownership enterprises, as well as a large domestic private sector which contribute approximately 60% of the GDP, 80% of urban employment and 90% of new jobs.
China is the world's largest manufacturing industrial economy and exporter of goods. China is widely regarded as the "powerhouse of manufacturing", "the factory of the world" and the world's "manufacturing superpower". Its production exceeds that of the nine next largest manufacturers combined. Exports as a percentage of GDP are around 20%. China is the largest trading nation in the world and plays a prominent role in international trade. Manufacturing has been transitioning toward high-tech industries such as electric vehicles, renewable energy, telecommunications and IT equipment, and services has also grown as a percentage of GDP. China is the world's largest high technology exporter. As of 2023, the country spends around 2.6% of GDP to advance research and development across various sectors of the economy. It is also the world's second-largest importer of goods. China is a net importer of services products.