ɪt hɐz ɪŋkɹˈiːst ðə tʃaɪnˈiːz dʒˌiːdˌiːpˈiː ɡɹˈoʊθ ɹˈeɪt tʊ ˌoʊvɚɹ ˈeɪt pɚsˈɛnt pɜː jˈɪɹ fɔːɹ θˈɜːɾi jˈɪɹz ænd tʃˈaɪnə nˈaʊ hɐz ðə sˈɛkənd lˈɑːɹdʒɪst ɪkˈɑːnəmi baɪ nˈɑːmɪnəl dʒˌiːdˌiːpˈiː ɪnðə wˈɜːld.
It has increased the Chinese GDP growth rate to over 8% per year for thirty years and China now has the second largest economy by nominal GDP in the world.