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Introduction: China’s Economic Achievements

In: China’s Economic Rise and Its Global Impact

Author

Listed:
  • Ken Moak
  • Miles W. N. Lee

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.

Suggested Citation

  • Ken Moak & Miles W. N. Lee, 2015. "Introduction: China’s Economic Achievements," Palgrave Macmillan Books, in: China’s Economic Rise and Its Global Impact, pages 1-7, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-53558-0_1
    DOI: 10.1057/9781137535580_1
    as

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