Summary of 8 Things You Need to Know About China’s Economy

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

8 Things You Need to Know About China’s Economy summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Innovative
  • Well Structured
  • Overview

Recommendation

The slowing of the Chinese economy is certain to have a global impact, considering its size and interconnectedness with the rest of the world. China faces challenges, although project specialist Jonathan Eckart of the World Economic Forum still expects China to have the largest economy in the world by 2030. In this concise article, he provides eight insights about the Chinese economy to consider in understanding the trajectory of its future growth and effects on the wider world. getAbstract recommends this focused, informative look at China to policy makers, economists, executives, investors and other China watchers.

About the Author

Jonathan Eckart is a project specialist with the World Economic Forum.

 

Summary

China is an economic powerhouse. Its manufacturing and financial tentacles extend around the world. Its decelerating growth in gross domestic product (GDP) will have widespread repercussions, though particulars are difficult to assess. Eight facts about the Chinese economy can help observers understand the implications of its experiences:

  1. “China was the world’s largest economy in 1820 – and is the second-largest economy today” – Its economy declined in the 19th century, as the West started to profit from industrial change. China began to gain renewed traction after 1978.
  2. “China...

More on this topic

Customers who read this summary also read

The China-U.S Trade War and Future Economic Relations
8
A Weakening Global Expansion
8
Opening Plenary with Xi Jinping, President of the People’s Republic of China
8
Watch Out World, Here Come Chinese Government Bonds
8
Creative Disruption
8
Why the Coronavirus Could Threaten the U.S. Economy Even More Than China’s
9

Related Channels

Comment on this summary