CEVAP:

China’s “socialist” market economy is the world’s second-largest economy by nominal GDP after the United States. However, according to the IMF, it is the world’s biggest economy in terms of PPP, purchasing power parity (basket of goods for daily local living). Until 2015 China was the world’s fastest-growing economy, with annual growth rates close to 10% in the last thirty years. China is a global manufacturing hub (due to Western civilization’s outsourcing for cheap labor), and therefore it is the prime manufacturing economy in the world and the chief exporter of goods in the world. China is simultaneously the world’s fastest rising domestic consumer market and it is second in the world as an importer of goods for its huge population. Regarding service products, China is a net importer.