This article analyses the sustainability of China’s economic growth in light of global challenges, focusing on macroeconomic changes in recent decades and their impact on the country’s economy. The study covers the period 1962-2022 and uses data from various sources, including the World Bank, International Monetary Fund, Organisation for Economic Cooperation and Development, and national statistical data from the People’s Republic of China. Correlation analysis methods are used to assess the impact of socio-economic indicators on economic growth, revealing signi cant correlations between gross domestic product and various indicators such as external debt, urbanisation, technological development, and the standard of living. The main conclusion of the analysis is that economic diversi cation and investment in high-tech industries are crucial for maintaining sustainable growth in China. The ndings indicate the need for future research assessing the potential for reducing the environmental impact of industrialisation and improving social policies in a changing global economy.
Идентификаторы и классификаторы
This study of economic growth and development aims to analyse the stability and sustainability of a country’s economic system. This involves examining the quantitative changes in an economy, such as an increase in the production and consumption of goods and services, which are measured by gross domestic product (GDP). Economic growth is based on the dynamics of GDP, as described by Chow and Li (2002) and Jones and Hameiri (2022). In the past half-century, China has shown exceptional economic growth, becoming the world’s largest economy in terms of GDP at purchasing power parity (PPP), with more than 33 trillion USD in 2023. Such growth was stimulated by government investments in industry, accounting for about 40% of the country’s GDP between 2000 and 2010. This was supported by active export activities and the strategic development of high-tech industries and infrastructure. However, since the 2010s, the global economy has faced new challenges, including financial crises, political upheavals, and pandemics. These have led to questions about the sustainability of China’s economic growth (Carmody, Zajontz, and Reboredo, 2022; Repnikova, 2022).
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