China's nominal GDP has consistently increased since 2014. In 2014, the nominal GDP was approximately $9.65 trillion. By 2023, it had risen to approximately $17.79 trillion. This represents a significant increase of over $8 trillion in just a decade.
Here's a more detailed
breakdown:
2014: $9.65 trillion
2019: $14.4 trillion
2023: $17.79
trillion
https://www.google.com/search?q=china+nominal+gdp+by+year+2014+to+present
In 2024, China's Gross
Domestic Product (GDP) is estimated to be around $18.7 trillion US
dollars.
In 2024, China's nominal per capita GDP was approximately $13,300 U.S. dollars.
China’s population began to
decline in 2020 from 1.426 billion to 1.416 billion in 2025.
2025 1,416,096,094
2020 1,426.106,093
https://www.worldometers.info/world-population/china-population
China has consistently
maintained a trade surplus (exports exceeding imports) from 2020 to the
present. In 2020, despite the COVID-19 pandemic, China's exports rose,
leading to a surge in its trade surplus, reaching $535 billion. This
surplus has continued, with China being the world's largest exporter in 2023,
exporting a total of $3.42 trillion.
https://www.google.com/search?q=china+imports+exports+trade+balance+2020+to+present
China's debt-to-nominal GDP
ratio is projected to continue rising from 2020 to 2025, driven by government
debt and spending, particularly on infrastructure and stimulus. In 2020,
the ratio was around 281%, but is expected to reach 96.31% by the end of
2025.
https://www.google.com/search?q=china+debt+to+nominal+gdp+2020+to+2025
Comments
China will continue to maintain its trade balance at lower levels by exporting to its allies like Russia, Iran, North Korea and others who do not trade with the US. China will need to continue to expand its agricultural production to ensure a food supply to its population.
Norb Leahy, Dunwoody GA Tea Party Leader
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