Today, China’s economy is behaving in a rather similar way to most other countries. This is true even after the government’s influence on industry which in some sectors is similar to what we see in some European countries such as France. China uses the same measurement yardsticks for GDP, foreign trade, inflation, industrial output, etc. as almost every other country. As such, comparisons are possible and called for. The People’s Republic of China (PRC) is the world’s second largest economy by nominal GDP and by purchasing power parity after the United States. It is the world’s...
Today, China’s economy is behaving in a rather similar way to most other countries. This is true even after the government’s influence on industry...
