How China Dominated The World's Economy
Channel: HOW ?
Date: 2020-10-01

China, officially the People's Republic of China (PRC), is a sovereign state in East Asia. With a population of over 1.381 billion, it is the world's most populous state.

China's socialist market economy is the world's second-largest economy by nominal GDP, and the world's largest economy by purchasing power parity according to the IMF, although China's National Bureau of Statistics rejects this claim. Until 2015 China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years. Due to the historical and political facts of China's developing economy, China's public sector accounts for a bigger share of the national economy than the burgeoning private sector.

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