what is the size of the chinese economy
Economy of China China's socialist market economy[19] is the world's second largest economy by nominal GDP[1][20][21] and the world's largest economy by purchasing power parity according to the IMF,[22] although China's National Bureau of Statistic denies this claim.[23] Until 2015, China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years.[24][25] 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.[26][27] 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.[28]