Economy of ChinaChina has an upper middle income developing mixed socialist market economy that incorporates industrial policies and strategic five-year plans. It is the world's second largest economy by nominal GDP, behind the United States, and the world's largest economy since 2016 when measured by purchasing power parity (PPP). Due to a volatile currency exchange rate, China's GDP as measured in dollars fluctuates sharply. China accounted for 18.6% of global economy in 2022 in PPP terms, and around 18% in nominal terms in 2022.
Environmental accountingEnvironmental accounting is a subset of accounting proper, its target being to incorporate both economic and environmental information. It can be conducted at the corporate level or at the level of a national economy through the System of Integrated Environmental and Economic Accounting, a satellite system to the National Accounts of Countries (among other things, the National Accounts produce the estimates of gross domestic product otherwise known as GDP).
Economic growthEconomic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP). Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting.
International tradeInternational trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries.
Index of international trade articlesThis is a list of international trade topics. Absolute advantage Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) Asia-Pacific Economic Cooperation (APEC) Autarky Balance of trade Barter Bilateral Investment Treaty (BIT) Bimetallism Branch plant economy Bretton Woods conference Bretton Woods system British timber trade Cash crop Central European Free Trade Agreement (CEFTA) Comparative advantage Cost, Insurance and Freight (CIF) Council of Arab Economic Unity Currency Customs broking Customs union David Ricardo Doha Development Round (Of World Trade Organization) Dominican Republic – Central America Free Trade Agreement (DR-CAFTA) Enabling clause Enhanced Integrated Framework for Trade-Related Assistance for the Least Developed Countries European Union (EU) Export documents ATA Carnet ATR.
Christianity in ChinaChristianity in China has been present since the early medieval period and it has gained a significant amount of influence during the last 200 years. The Syro-Persian Church of the East (frequently mischaracterized as Nestorianism) appeared in China in the 7th century, during the Tang dynasty. Catholicism was one of the religions patronized by the emperors of the Mongol-led Yuan dynasty, but it did not take root in China until it was reintroduced by Jesuit missionaries in the 16th century.
Hong Kong dollarThe Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong.
Mixed economyA mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise. Common to all mixed economies is a combination of free-market principles and principles of socialism. While there is no single definition of a mixed economy, one definition is about a mixture of markets with state interventionism, referring specifically to a capitalist market economy with strong regulatory oversight and extensive interventions into markets.
History of ChinaThe history of China spans several millennia across a wide geographical area. The notion of "China" can be understood under many diverse historiographical, cultural, geographic, and political lenses, and has evolved tremendously over time. Each region now understood to be part of the Chinese world has alternated between many periods of unity, fracture, prosperity, and hardship. Classical Chinese civilization first emerged in the Yellow River valley, which along with the Yangtze and Pearl valleys now constitute the geographic core of China and have for the majority of its imperial history.
EconomyAn economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors.
Market economyA market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
