China, home to a population of over 1.4 billion, is the world’s second-largest economy, with the nation experiencing an average annual growth rate of 6.7 percent since 2012, driven in part by its dominance in manufacturing and its cheap exports of goods.
As of 2022, China had a GDP of $17.7 trillion, just behind the United States with a GDP of $22.9 trillion. Many economists have forecast that the former will become the world’s biggest economy by 2030.
