|Economy of the Republic of China|
|GDP||$5.93 trillion (nominal: 2nd; 2010) |
$10.72 trillion (PPP: 2nd; 2010)
|Growth||10% (2011 est.)|
|Governing||State-Capitalism, Chinese Socialism|
|Composition||Agricultural & manufacturing industries|
|Sectors||Manufacturing, Ores, Textile, electronics, food processing, transportation equipment, cars, trucks, ships, planes,|
|Macro policy||Ministry of Economic Development|
|Financial policy||Central Republic Bank|
|Trade policy||Free Trade|
|Monetary policy||Restrictive, combatting inflation|
|Banking||Mono bank system|
|Coinage||Chinese yuan (¥)|
|Inflation||10.8 % (2010)|
China has begun its large economic boom from the People's Republic of China, mostly being from the Communist-Capitalist system assisting in keeping wages low and allowing western nations to use its cheap labor.
The provinces in the coastal regions of China tend to be more industrialized, while regions in the hinterland are less developed. As China's economic importance has grown, so has attention to the structure and health of that economy.