Data at glance of China - average on period

variable
real gdp growth
CPI %
Unemployment rate
Debt/GDP %
Current account balance/GDP %

Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here

History

China's historical civilization dates to at least the 13th century B.C., first under the Shang (to 1046 B.C.) and then the Zhou (1046-221 B.C.) dynasties. The imperial era of China began in 221 B.C. under the Qin Dynasty and lasted until the fall of the Qing Dynasty in 1912. During this period, China alternated between periods of unity and disunity under a succession of imperial dynasties. In the 19th century, the Qing Dynasty suffered heavily from overextension by territorial conquest, insolvency, civil war, imperialism, military defeats, and foreign expropriation of ports and infrastructure. It collapsed following the Revolution of 1911, and China became a republic under SUN Yat-sen of the Kuomintang (KMT or Nationalist) Party. However, the republic was beset by division, warlordism, and continued foreign intervention. In the late 1920s, a civil war erupted between the ruling KMT-controlled government, led by CHIANG Kai-shek, and the Chinese Communist Party (CCP). Japan occupied much of northeastern China in the early 1930s, and then launched a full-scale invasion of the country in 1937. The resulting eight years of warfare devastated the country and cost up to 20 million Chinese lives by the time of Japan’s defeat in 1945. The Nationalist-Communist civil war continued with renewed intensity after the end of World War II and culminated with a CCP victory in 1949, under the leadership of MAO Zedong. MAO and the CCP established an autocratic socialist system that, while ensuring the PRC's sovereignty, imposed strict controls over everyday life and launched agricultural, economic, political, and social policies -- such as the Great Leap Forward (1958-1962) and the Cultural Revolution (1966-1976) -- that cost the lives of millions of people. MAO died in 1976. Beginning in 1978, leaders DENG Xiaoping, JIANG Zemin, and HU Jintao focused on market-oriented economic development and opening up the country to foreign trade, while maintaining the rule of the CCP. Since the change, China has been among the world’s fastest growing economies, with real gross domestic product averaging over 9% growth annually through 2021, lifting an estimated 800 million people out of poverty and dramatically improving overall living standards. By 2011, the PRC’s economy was the second largest in the world. Current leader XI Jinping has continued these policies but has also maintained tight political controls. Over the past decade, China has increased its global outreach, including military deployments, participation in international organizations, and a global connectivity plan in 2013 called the "Belt and Road Initiative" (BRI). Many nations have signed on to BRI agreements to attract PRC investment, but others have expressed concerns about such issues as the opaque nature of the projects, financing, and potentially unsustainable debt obligations. XI Jinping assumed the positions of General Secretary of the Chinese Communist Party and Chairman of the Central Military Commission in 2012 and President in 2013. In 2018, the PRC’s National People’s Congress passed an amendment abolishing presidential term limits, which allowed XI to gain a third five-year term in 2023.

Environment

Area: 9,596,960 sq km km2

Climate: extremely diverse; tropical in south to subarctic in north

Natural resources: coal, iron ore, helium, petroleum, natural gas, arsenic, bismuth, cobalt, cadmium, ferrosilicon, gallium, germanium, hafnium, indium, lithium, mercury, tantalum, tellurium, tin, titanium, tungsten, antimony, manganese, magnesium, molybdenum, selenium, strontium, vanadium, magnetite, aluminum, lead, zinc, rare earth elements, uranium, hydropower potential (world's largest), arable land

Ethnic characteristics

Groups: Han Chinese 91.1%, ethnic minorities 8.9% (includes Zhang, Hui, Manchu, Uighur, Miao, Yi, Tujia, Tibetan, Mongol, Dong, Buyei, Yao, Bai, Korean, Hani, Li, Kazakh, Dai, and other nationalities) (2021 est.)

Languages: Standard Chinese or Mandarin (official; Putonghua, based on the Beijing dialect), Yue (Cantonese), Wu (Shanghainese), Minbei (Fuzhou), Minnan (Hokkien-Taiwanese), Xiang, Gan, Hakka dialects, minority languages; note - Zhuang is official in Guangxi Zhuang, Yue is official in Guangdong, Mongolian is official in Nei Mongol, Uyghur is official in Xinjiang Uygur, Kyrgyz is official in Xinjiang Uyghur, and Tibetan is official in Xizang (Tibet)

Religions: folk religion 21.9%, Buddhist 18.2%, Christian 5.1%, Muslim 1.8%, Hindu < 0.1%, Jewish < 0.1%, other 0.7% (includes Daoist (Taoist)), unaffiliated 52.1% (2021 est.)

Government

Capital: Beijing

Government type: communist party-led state

Executive branch

Chief of state: President XI Jinping (since 14 March 2013)

Head of government: Premier LI Qiang (since 11 March 2023)

Legislative branch

Description: National People's Congress (Quanguo Renmin Daibiao Dahui) - unicameral

Economic Overview

world’s second-largest economy by nominal GDP; global leader in exports and manufacturing; historically strong growth slowing; challenges of aging workforce, weak productivity, rising youth unemployment, struggling property sector, and public debt; state-sponsored economic controls and infrastructure investments

Industries

world leader in gross value of industrial output; mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizer; consumer products (including footwear, toys, and electronics); food processing; transportation equipment, including automobiles, railcars and locomotives, ships, aircraft; telecommunications equipment, commercial space launch vehicles, satellites

GDP by sector: Agriculture: 6.8% (2024 est.), Industry: 36.5% (2024 est.), Services: 56.7% (2024 est.)

Trade

Export partners: USA 13%, Hong Kong 8%, Japan 5%, Germany 5%, S. Korea 4% (2023)

Export commodities: broadcasting equipment, computers, integrated circuits, garments, machine parts (2023)

Import partners: S. Korea 7%, USA 7%, Japan 6%, Australia 6%, Russia 6% (2023)

Import commodities: crude petroleum, integrated circuits, iron ore, gold, natural gas (2023)

Geography

Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam

Defence

Military expenditure: 2024: 1.5% of GDP (2024 est.)

Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.