The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).

Jan 17, 2025 · HONG KONG (AP) — China’s economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, thanks to strong exports and recent stimulus measures. The economy picked up speed in the last quarter, the government reported Friday, growing 5.4% in October-December. ...

Jan 17, 2025 · China's economy grew 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its ...

Jan 16, 2025 · Is China's economic slowdown more severe than reflected in official data? Here's a cheat sheet for looking at actual economic performance in 2024 and 2025.

Jun 27, 2024 · Earlier this year, China announced an ambitious goal of reaching 5% economic growth in 2024. Today, nearly seven months into the year, economists and government officials say they are optimistic that China can reach its goal.

Oct 24, 2024 · Despite multiple headwinds, China’s economy grew at a robust rate of 5.0 percent in the first half of 2024, supported by consumer spending on services, exports, and investment in manufacturing and public infrastructure.

Oct 18, 2024 · China has reported that its economy expanded at a rate of 4.6% in the July-September quarter. The data released Friday show the world's second largest economy slowing from 4.7% annual growth in the previous quarter.

Apr 16, 2024 · China's economy made a stronger-than-expected start to the year, even as the crisis in its property sector deepened. According to official data, gross domestic product (GDP) expanded by 5.3% in...

Dec 20, 2024 · The International Monetary Fund (IMF) assesses that the People’s Republic of China’s (PRC’s or China’s) real gross domestic product (GDP) grew by 5.2% in 2023 and projects 5.0% real GDP growth in 2024. This growth is unbalanced, with supply much higher than domestic demand.

China's economy faces a more challenging 2024, having expanded by 5.2% in real terms in 2023. There remain thorny issues in the economy, including a continued downturn in the property sector, a debt overhang among local governments, elevated youth unemployment and deflationary pressures.