Gdp annual growth rate in china averaged 952 percent from 1989 until 2019 reaching an all time high of 1540 percent in the first quarter of 1993 and a record low of 380 percent in the fourth quarter of 1990 in china gross domestic product is divided by three sectors primary secondary and tertiary. Chinas economy has enjoyed 30 years of explosive growth making it the worlds largest its success was based on a mixed economy that incorporated limited capitalism within a command economy the chines governments spending has been a significant driver of its growth. The socialist market economy of the peoples republic of china is the worlds second largest economy by nominal gdp and the worlds largest economy by purchasing power parity until 2015 china was the worlds fastest growing major economy with growth rates averaging 6 over 30 years due to historical and political facts of chinas developing economy chinas public sector accounts for a . Shanghai chinas economic growth held steady in the latest quarter despite a tariff war with washington in a reassuring sign that beijings efforts to reverse a slowdown might be gaining
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