<P> China 's socialist market economy is the world 's second largest economy by nominal GDP and the world 's largest economy by purchasing power parity according to the IMF , although China 's National Bureau of Statistic denies this claim . Until 2015 , China was the world 's fastest - growing major economy , with growth rates averaging 10 % over 30 years . Due to historical and political facts of China 's developing economy , China 's public sector accounts for a bigger share of the national economy than the burgeoning private sector . On a per capita income basis , China ranked 71st by GDP ( nominal ) and 78th by GDP ( PPP ) in 2016 , according to the International Monetary Fund ( IMF ) . The country has an estimated $23 trillion worth of natural resources , 90 % of which are coal and rare earth metals . </P>
<P> China 's socialist market economy is the world 's second largest economy by nominal GDP and the world 's largest economy by purchasing power parity according to the IMF , although China 's National Bureau of Statistic denies this claim . Until 2015 , China was the world 's fastest - growing major economy , with growth rates averaging 10 % over 30 years . Due to historical and political facts of China 's developing economy , China 's public sector accounts for a bigger share of the national economy than the burgeoning private sector . On a per capita income basis , China ranked 71st by GDP ( nominal ) and 78th by GDP ( PPP ) in 2016 , according to the International Monetary Fund ( IMF ) . The country has an estimated $23 trillion worth of natural resources , 90 % of which are coal and rare earth metals . </P>
what is the size of the chinese economy
what is the size of the chinese economy
world 's second largest
world 's second largest