Introduction: China’s Economic Achievements
Chapter
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
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Notes
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© Ken Moak and Miles W. N. Lee 2015