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Since 2010, China had the world's second-largest economy in terms of nominal GDP, totaling approximately US$13.5 trillion (90 trillion Yuan) as of 2018. In terms of purchasing power parity (PPP GDP). Between 2010 and 2019, China's contribution to global GDP growth has been 25% to 39%.<ref>[https://tradingeconomics.com/china/gdp-growth-annual Trading Economics: "China GDP Annual Growth Rate"]</ref> | Since 2010, China had the world's second-largest economy in terms of nominal GDP, totaling approximately US$13.5 trillion (90 trillion Yuan) as of 2018. In terms of purchasing power parity (PPP GDP). Between 2010 and 2019, China's contribution to global GDP growth has been 25% to 39%.<ref>[https://tradingeconomics.com/china/gdp-growth-annual Trading Economics: "China GDP Annual Growth Rate"]</ref> | ||
In 2020 China announced that it has successfully eradicated absolute poverty.<ref>https://www.qiaocollective.com/en/education/roundup-poverty-alleviation</ref> | |||
== References ==<!-- Source formatting needs to be brought up to par --> | == References ==<!-- Source formatting needs to be brought up to par --> | ||
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Revision as of 00:05, 5 December 2020
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion in 2019. It is led by the Communist Party of China (CPC). The Chinese constitution states that The People's Republic of China "is a socialist state under the people's democratic dictatorship led by the working class and based on the alliance of workers and peasants," and that the state organs "apply the principle of democratic centralism."[1]
Economy
The current economy of China is a mixed socialist market economy which is composed of state-owned enterprises and domestic and foreign private businesses,[2]
Since 1990 up until the present day, China has lifted 800 million people out of poverty and claims to be on track to end absolute poverty by the end of 2020.[3]
Since 2010, China had the world's second-largest economy in terms of nominal GDP, totaling approximately US$13.5 trillion (90 trillion Yuan) as of 2018. In terms of purchasing power parity (PPP GDP). Between 2010 and 2019, China's contribution to global GDP growth has been 25% to 39%.[4]
In 2020 China announced that it has successfully eradicated absolute poverty.[5]
References
- ↑ Constitution of the People's Republic of China (Read in English)
- ↑ Invent the Future: "Is China Still Socialist?"
- ↑ https://news.cgtn.com/news/2020-10-17/China-is-set-to-end-absolute-poverty-by-2020-what-s-next--UF1rzv5WH6/index.html
- ↑ Trading Economics: "China GDP Annual Growth Rate"
- ↑ https://www.qiaocollective.com/en/education/roundup-poverty-alleviation