China GDP by Province

By | February 15, 2024

According to countryvv, the economy of the People’s Republic of China is the largest economy in the world. It displaced from the 1st place that of the USA in 2015.

The modern Chinese economy is the result of a policy of reform and openness. China’s economy is leading in BRICS, and the headquarters of the bank of the union is located in Shanghai.

China’s economy is the largest contributor to global economic growth, with China’s annual GDP growth rate of 8.7% from 2009 to 2014, while that of the world economy was 2%. The Chinese economy’s share of global economic growth exceeded 30%, and that of the US was 18% in 2015.

The Chinese economy is characterized by stability and growth. The country has the largest manufacturing base in the world, but it also has the largest number of consumers, whose import requirements are high. At the same time, China’s economy is dependent on imports of grain, copper ore and crude oil.

China’s foreign trade is unbalanced, since in 2014 the share of imports from Asia, Africa and Latin America was more than 60% of China’s total, and China’s total exports to these world regions did not exceed 20%.

Domestic imbalances are also significant, with China’s GDP per capita reaching US$7,591 in 2014, and that of Beijing, Shanghai and Tianjin exceeding US$10,000, although policies aimed at equalization.

In the 21st century, the Chinese travel the world en masse. Also, from 2015, direct Chinese investments abroad began to grow, and the country became the first global strategic investor in the countries of the so-called third world.

The Chinese economy is not militaristic, but such a perspective is present. In 2013, the CCP made a state decision to develop a strategic offensive fleet of fifth-generation aircraft carriers and fighter jets, in fulfillment of the final stage of its concept drawn up by Deng Xiaoping. At the same time, the replacement ISS in the future will be only Chinese.

Regional economies

The transportation system—combined with important differences in access to natural and human and industrial infrastructure —causes significant differences in China’s regional economies.

Economic development is mainly along the coastline and there are large differences in per capita income between regions. The three richest regions are the Yangtze Delta and eastern China; Zhujiang Delta in southern China; and Dizhngjinji in northern China. The development of these regions is expected to have the greatest impact on the Asian regional economies as a whole, and Chinese state policy is working to remove obstacles by accelerating expansion in these rich regions.

GDP by administrative division

Economic reforms introduced in 1978 helped elevate China to one of the world’s major economic powers.

Top 10 provinces by 2017 GDP
PPP: abbreviation of purchasing power;
Nominal: Chinese yuan 6.7518 per US dollar; PPP: Chinese yuan 3.5063 per dollar
(based on IMF SGP April 2018)
provinces GDP (in billions) GDP per capita Half-year
population
(people*1000)
Rank CN¥ Nominal
(US$)
PPP
( intl$.)
true
height
(%)
Share
(%)
Rank CN¥ Nominal
(US$)
PPP
($)
Share
(%)
China 82,712.20 12,250.39 23,589.60 6.9 100 59,660 8,836 17,015 100 1,386,395
Guangdong 1 8,987.92 1,331.19 2,563.36 7.5 10.87 8 81,089 12,010 23,127 136 109,240
Jiangsu 2 8,590.09 1,272.27 2,449.90 7.2 10.39 4 107,189 17,176 32,570 180 79,875
Shandong 3 7,267.82 1,076.43 2,072.79 7.4 8.79 9 72,851 10,790 20,777 122 99,470
Zhujian 4 5,176.83 766.73 1,476.44 7.8 6.26 5 92,057 13,634 26,255 154 55,645
Henan 5 4,498.82 666.31 1,283.07 7.8 5.44 19 47,129 6,980 13,441 79 95,062
Sichuan 6 3,698.02 547.71 1,054.68 8.1 4.47 22 44,651 6,613 12,735 75 82,330
Cool 7 3,652.30 540.94 1,041.64 7.8 4.42 11 61,971 9,179 17,674 104 58,685
Hebei 8 3,596.40 532.66 1,025.70 6.7 4.35 18 47,985 7,107 13,685 80 74,475
Hunan 9 3,459.06 512.32 986.53 8.0 4.18 16 50,563 7,489 14,421 85 68,025
Fujien 10 3,229.83 478.37 921.15 8.1 3.90 6 82,976 12,289 23,665 139 38,565

Population

Since the 1950s, medical care, public health, and the sanitation network have developed significantly, and the number of people infected with epidemics has decreased. The population growth rate declined as deaths rose more rapidly than births. China’s human population has always been an obstacle for the government to manage. In the 1950s food supplies were insufficient and the standard of living was generally low. Which forced the authorities to start a government birth control program. The Great Industrial Plan in 1958-1960 caused a major famine that left many dead, so the death rate became greater than the birth rate, and in 1960 China was witnessing a demographic decline. The government began a second birth control program in 1962 and intensified its efforts to delay the age of marriage and the use of condoms. By 1963, China was recovering from the famine, and the birth rate soared, bringing the population growth rate to the highest number since 1949, at 3%. In 1966, the Cultural Revolution canceled the second offspring program, but China returned to the third four years later by delaying the age of marriage and limiting the number of family members. Since 1973, these efforts became effective, and the program continued until 1979, when the one-child policy was approved. At the beginning of the eighties, China’s population reached one billion, and at the beginning of the third millennium it reached one billion and three hundred million people. In the 1980s, the growth rate was 1.5%, but in the 1990s it declined to 1%, and today it is 0.6%. China’s growth rate is small for a developing country due to its large population, but the net annual growth of the population is still large. One of the most important drawbacks of the one-child policy is that China has become one of the fastest growing countries.

An estimated surplus of 100 million to 150 million rural workers work between villages and cities, many of them part-time and in low-paid jobs.

According to the latest Forbes China Rich List (2007), China has 66 billionaires, the second largest number after the United States, which has 415 billionaires. In the Forbes list of the world’s richest people for 2006 there were 15 Chinese. In the latest Hurun Report (2007) there were 106 billionaires in China.

Unemployment

The number of unemployed people in China in 2010 is estimated at a quarter of a billion of its huge workforce qualified to work, which is causing pressure on the country’s expanding economy.

China GDP by Province