Nothing is permanent in this world except for death and taxes. We all know that. It is a reality we have learned to live with throughout time, from one generation to another. And like everything else that changes over the years, how well or poorly a country’s economy fare is likewise dependent on many factors. And one of the most bustling economies right now is that of China. It has grown considerably over the last few decades and manages to keep everything together even if the economies of other nations have suffered badly.
Basing on the nominal GDP, China is the second largest economy worldwide. And according to the International Monetary Fund, China has the largest economy in terms of purchasing power parity. Without a doubt, the Chinese have the fastest growing economy the world over. That’s not surprising at all considering how almost everything is made in China nowadays. Indeed, their economy has stood the test of time. The Chinese leaders definitely know what they are doing and other world leaders should learn from these Chinese masters.
Chinese economic data has a bad reputation for accuracy, and it’s