Energy policy of ChinaEnsuring adequate energy supply to sustain economic growth has been a core concern of the Chinese government since 1949. The country is the world's largest emitter of greenhouse gases, and coal in China is a major cause of global warming. However, from 2010 to 2015 China reduced energy consumption per unit of GDP by 18%, and emissions per unit of GDP by 20%. On a per-capita basis, it was the world's 51st largest emitter of greenhouse gases in 2016. China is also the world's largest renewable energy producer.
Banking in ChinaChina's banking sector had () in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world . The Bank of Communications is sometimes included. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank.
Chinese economic reformThe Chinese economic reform or Chinese economic miracle, also known domestically as Reform and Opening-up (), refers to a variety of economic reforms termed "socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC) that began in the late 20th century. Guided by Deng Xiaoping, who is often credited as the "General Architect", the reforms were launched by reformists within the ruling Chinese Communist Party (CCP) on December 18, 1978, during the "Boluan Fanzheng" period.
Four ModernizationsThe Four Modernizations (simplified Chinese: 四个现代化; traditional Chinese: 四個現代化) were goals formally announced by China's first Premier Zhou Enlai to strengthen the fields of agriculture, industry, defense, and science and technology in China. The Four Modernizations were adopted as a means of rejuvenating China's economy in 1977, following the death of Mao Zedong, and later were among the defining features of Deng Xiaoping's tenure as the paramount leader of China.
Economy of TaiwanThe economy of Taiwan is a highly developed market economy. It is the 5th largest in Asia and 17th-largest in the world by purchasing power parity, allowing Taiwan to be included in the advanced economies group by the International Monetary Fund. Taiwan is notable for its rapid economic development to a developed, high-income country. This economic growth has been described as the Taiwan Miracle. It is gauged in the high-income economies group by the World Bank. Taiwan is one of the most technologically advanced computer microchip makers in the world.
Socialist market economyThe socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Chinese Communist Party (CCP) in 1992 to describe the goal of China's economic reforms.
East AsiaEast Asia is the easternmost region of Asia, which is defined in both geographical and ethno-cultural terms. The modern states of East Asia include China, Japan, Mongolia, North Korea, South Korea, and Taiwan. Hong Kong and Macau, two small coastal quasi-dependent territories located in the south of China, are officially highly autonomous but are under Chinese sovereignty. Japan, Taiwan, South Korea, Mainland China, Hong Kong, and Macau are some of the world's largest and most prosperous economies.
DirigismeDirigisme or dirigism () is an economic doctrine in which the state plays a strong directive (policies) role, contrary to a merely regulatory interventionist role, over a market economy. As an economic doctrine, dirigisme is the opposite of laissez-faire, stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning, state-directed investment, and the use of market instruments (taxes and subsidies) to incentivize market entities to fulfill state economic objectives.
Contemporary historyContemporary history, in English-language historiography, is a subset of modern history that describes the historical period from approximately 1945 to the present. Contemporary history is either a subset of the late modern period, or it is one of the three major subsets of modern history, alongside the early modern period and the late modern period. In the social sciences, contemporary history is also continuous with, and related to, the rise of postmodernity.
Three Gorges DamThe Three Gorges Dam () is a hydroelectric gravity dam that spans the Yangtze River by the town of Sandouping, in Yiling District, Yichang, Hubei province, central China, downstream of the Three Gorges. The world's largest power station in terms of installed capacity (22,500 MW), the Three Gorges Dam generates an average 95±20 TWh of electricity per year, depending on the annual amount of precipitation in the river basin. After the extensive monsoon rainfalls of 2020, the dam's annual production reached nearly 112 TWh, breaking the previous world record of ~103 TWh set by Itaipu Dam in 2016.
