what kind of economy does china have
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.fter three decades of opening up and reforming, China has been through rapid changes from a planning economy to a market economy. According to the IMF, China's 2013 GDP is US$9.18 trillion, after the United States (US$17.37 trillion) but far ahead of Japan (US$4.9trillion), the third largest economy.