China’s 14th Five Year Plan


China’s 14th Five Year Plan

The People’s Republic of China wields enormous influence in the arena of international trade and finance. This Asian giant has become the world’s largest manufacturing economy ($3.8 trillion), the biggest exporter ($2.6 trillion), the world’s second-largest importer ($2.08 trillion), surpassed the gross domestic product (on the basis of Purchasing Power Parity) of the United States in 2017 and is the world’s second-largest economy by nominal GDP. It has the world’s largest foreign exchange reserves ($3.2 trillion as of October 2019) and can boast of having the world’s largest labour force (778 million people) that can sustain its unstoppable march of spectacular growth.

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