Name the countries economy which has affected by china
Answers
USA .............................
Answer:
Today, it is the world's second-largest economy and produces 9.3 percent of global GDP (Figure 1). China's exports grew by 16 percent per year from 1979 to 2009. At the start of that period, China's exports represented a mere 0.8 percent of global exports of goods and nonfactor services.
Explanation:
The economy of the People's Republic of China is a developing market-oriented economy that incorporates economic planning through industrial policies and strategic five-year plans. Dominated by state-owned enterprises (SOEs) and mixed-ownership enterprises, the economy also consists of a large domestic private sector and openness to foreign businesses in a system described as a socialist market economy.[26][27][28] State-owned enterprises accounted for over 60% of China's market capitalization in 2019[29] and generated 40% of China's GDP of US$15.66 trillion in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%.[30][31] As of the end of 2019, the total assets of all China's SOEs, including those operating in the financial sector, reached US$78.08 trillion.[32] Ninety-one (91) of these SOEs belong to the 2020 Fortune Global 500 companies.[33] China has the world's second largest economy when measured by nominal GDP, and the world's largest economy since 2014[34] when measured by Purchasing Power Parity (PPP), which is claimed by some to be a more accurate measure of an economy's true size.[35][36][37][38][39][40] It has been the second largest by nominal GDP since 2010, which rely on fluctuating market exchange rates.[41] An official forecast states that China will become the world's largest economy in nominal GDP by 2028.[42] Historically, China was one of the world's foremost economic powers for most of the two millennia from the 1st until the 19th century.[43]
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