News & numbers
70 YEARS OF ECONOMIC DEVELOPMENT AND POLICY IN THE PEOPLE’S REPUBLIC OF CHINA
1949 1951 1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019
1949 1951 1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019
1949: PRC founded
1953–1957: First Five-Year Plan
1958–1962: Great Leap Forward
1966–1976: Great Proletarian Cultural Revolution
1972: Nixon visit 1976: Mao Zedong dies 1980–1984:
Special economic zones (SEZs) established
1989: Tiananmen Square protests
1994–1996: “8-7” Plan 1997–1999:
Asian financial crisis Around 10%
Average yearly GDP growth in China since the country ‘opened up’
in 1978. World Bank
50.8%
the fray each year. Statista
2007–2009: Global financial crisis
The proportion of the Chinese population now considered middle
class, compared with just 3% in 2000. CSIS
5 million $200bn
2019: 70th anniversary of the PRC
GDP: PPP (2011 constant international $bn)
COMPARING THE NOMINAL GDP OF CHINA’S PROVINCES WITH OTHER COUNTRIES
GDP ($bn) $20bn $2trn
increase on the 2000s. LSE
Kazakhstan Hungary
Iraq Peru Ukraine
Ireland Greece
Bolivia Senegal Iran Portugal
South Africa
Vietnam
Paraguay Guatemala
Finance Director Europe /
www.ns-businesshub.com 7
Sweden Turkey
Belgium
Netherlands Brazil
Thailand Switzerland
18.3% x3
by 2025. Bangkok Post
How many new Chinese SMEs join
The amount China invested into African markets in 2019, a 20-fold
China’s GDP recovery post Covid-19.
The US managed just 6.5%. BBC
How much faster China will create millionaires compared with the US
$2,000 $4,000 $6,000 $8,000 $10,000
$12,000
$14,000 $16,000
Uruguay
Malaysia Austria
Poland
Bangladesh
New Zealand
Nigeria
Singapore
Chile Australia
Kuwait
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