The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. China has the world's largest economy when measured in terms of purchasing power parity (USD 37 trillion in 2024), and the world's second-largest economy as measured by nominal GDP in USD terms (USD18.3 trillion in 2024). In per capita terms, GDP ranks 70th out of 192 countries measured - qualifying China as a "newly industrialized" or "upper-middle income" country. .
https://en.wikipedia.org/wiki/Economy_of_China
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. China has the world's largest economy when measured in terms of purchasing power parity (USD 37 trillion in 2024), and the world's second-largest economy as measured by nominal GDP in USD terms (USD18.3 trillion in 2024). In per capita terms, GDP ranks 70th out of 192 countries measured - qualifying China as a "newly industrialized" or "upper-middle income" country. .
