The Chinese economy has experienced an astonishing growth in the last few decades that has led the country to become the world’s second-largest economy. As reported by Economist, since 1980’s the participation of China in the global economy, the country has joined the organizations such as International Monetary Fund (IMF), World Trade Organization (WTO), and the World Bank. Since starting the program of economic reforms, the country was ranked ninth in the nominal GDP with over USD $ 214 billion; 35 years later it jumped to second place with a nominal GDP of USD $9.2 trillion. According to IMF Direct, China has been dubbed as a global hub for manufacturing and the world’s largest exporter of goods and second in imports in the world.
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