Asia’s 2018 Richest and Poorest Countries

China

According to a 2010 national census, China is the most populous country in the world at approximately 1, 379, 536, 875 people. Given the institution of a one-child policy in the 1970s, the Chinese population has been growing at less than one percent for decades. The policy has recently been revised in 2013 and 2016, to allow families to have two children.

CIA 2018 estimates place China as the world second largest economy with a GDP of about $13.5 trillion. The nominal GDP which has been growing at more than 10% since 1978 when China implemented economic reforms and is expected to hit $37.06 trillion by 2023. However, given its huge population, it has a GDP per capita of $8,643, which makes it a middle-income economy.

credit: Wikipedia
The economic reforms enacted since 1978 have transformed China into one of the most dominant players in the global economy. The major sectors of the Chinese economy include manufacturing, tourism, retail, e-commerce, mining, real estate, steel, telecommunications, textiles, electronics, automobiles, banking, green energy, and energy generation.

Population ranking (world): 1st
Total GDP ranking (world): 2nd
Per capita GDP ranking (world): 71st