Introduction: China’s Economic Achievements

Ken Moak and Miles W. N. Lee

A chapter in China’s Economic Rise and Its Global Impact, 2015, pp 1-7 from Palgrave Macmillan

Abstract: Abstract China’s economic achievement is remarkable in that its Gross Domestic Product (GDP), the value of all goods and services produced in the economy, has grown from US$40 billion in 1949 to more than US$10 trillion (nominal exchange rate terms) and US$17.63 trillion (purchasing power parity, or PPP) in 2014.1 If the government’s targeted growth rate of 7 percent materializes, its economy will double in ten years. In terms of PPP, Chinas economy will approach US$34 trillion by 2024.

Keywords: Disposable Income; European Central Bank; Central Intelligence Agency; Street Vendor; Quantitative Ease (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-53558-0_1

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DOI: 10.1057/9781137535580_1

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