The Impact of China’s Economic Policies on Public Administration and Foreign Relations in a Global Perspective
China can be categorized as a middle-income, developing mixed, and socialist market economy that incorporates strategic five-year plans and industrial policies. The country's economy is the second largest in terms of nominal GDP, falling behind the USA. Moreover, the economy of the country has been the second largest since 2016 in terms of purchasing power parity (PPP). Historically, the economy of the country was a powerhouse from the 1st to the 19th century. The economy of the country consists of mixed ownership and state-owned enterprises.
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