China's economy

Definition

The term refers to the overall economic system and activities of China, including production, distribution, and consumption of goods and services.

Related terms

Economic growth: Refers to an increase in the total output of goods and services produced by a country over time.

Foreign direct investment: When companies from one country invest in another country's businesses or resources.

Command economy: An economic system where most decisions about what to produce and how to distribute it are made by the government.