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===1775 - 1800=== ===1775 - 1800===
China was the world's largest economy followed by Sweden, India and France. China was the world's largest economy followed by India and France.


===1800 - 1825=== ===1800 - 1825===
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===1925 - 1950=== ===1925 - 1950===
USA was the world's largest economy followed by the USSR, UK, China, France, Germany and India. The gross domestic product of China in 1950 was estimated at about 8 per cent that of the USA. USA was the world's largest economy followed by the USSR, UK, China, France, Germany, India and Japan. The gross domestic product of China in 1950 was estimated at about 10 per cent that of the USA.


==People's Republic== ==People's Republic==
{{main|Economic history of the People's Republic of China}} {{main|Economic history of the People's Republic of China}}
===1950 - 1975=== ===1950 - 1975===
USA was the world's largest economy followed by the USSR, Japan and Germany. The gross domestic product of China in 1975 was estimated at about 9 per cent that of the USA. Though ]'s ] reforms helped arrest the economic decline, China was no longer the largest Asian economy. USA was the world's largest economy followed by the USSR, Japan, Germany and China. The gross domestic product of China in 1975 was estimated at about 10 per cent that of the USA. Though ]'s ] reforms helped arrest the economic decline, China was no longer the largest Asian economy.


===1975 - 2000=== ===1975 - 2000===
USA was the world's largest economy followed by Japan, Germany and China. The gross domestic product of China in 2000 was estimated at about 12 per cent that of the USA. Capitalist reforms initiated by ] in the early 1980s initiated the current wave of export-oriented economic expansion. USA was the world's largest economy followed by Japan, Germany and China. The gross domestic product of China in 2000 was estimated at about 10 per cent that of the USA. Capitalist reforms initiated by ] in the early 1980s initiated the current wave of export-oriented economic expansion.


===2000 - Present=== ===2000 - Present===
The gross domestic product of China in 2006 was estimated at about 20 per cent that of the USA (using nominal exchange rate). The gross domestic product of China in 2006 was estimated at about 20 per cent that of the USA.


==See also== ==See also==
*] *]
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Revision as of 13:24, 17 December 2007


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China was the largest economy on earth for most of the recorded history for the past two millennia.

Qing Dynasty

Main article: Economic history of Imperial China

1625 - 1650

China was the world's largest economy followed by India and France. During this period, the territorial domain of the Qing empire expanded to almost 1,000 million acres.

1650 - 1675

China was the world's largest economy followed by India and France.

1675 - 1700

India was the world's largest economy followed by China and France.

1700 - 1725

China was the world's largest economy followed by India and France. Collapse of the central authority of the Mughal Empire and the resultant chaos triggered India's long but slow decline on the world stage.

1725 - 1750

China was the world's largest economy followed by India and France.

1750 - 1775

China was the world's largest economy followed by India and France.

1775 - 1800

China was the world's largest economy followed by India and France.

1800 - 1825

China was the world's largest economy followed by India and France.

1825 - 1850

China was the world's largest economy followed by the UK and India. Industrial revolution in the UK catapulted the nation to the top league of Europe for the first time ever.

1850 - 1875

China was the world's largest economy followed by the USA, UK and India.

1875 - 1900

USA was the world's largest economy followed by China, UK, Germany and India. Collapse of the central authority of the Qing Dynasty and the resultant chaos triggered China's short but rapid decline on the world stage. The gross domestic product of China in 1900 was estimated at about 50 per cent that of the USA.

Nationalist Republic

Main article: Economic history of the Republic of China

1900 - 1925

USA was the world's largest economy followed by the UK, China, France, Germany, India and the USSR. The gross domestic product of China in 1925 was estimated at about 20 per cent that of the USA.

1925 - 1950

USA was the world's largest economy followed by the USSR, UK, China, France, Germany, India and Japan. The gross domestic product of China in 1950 was estimated at about 10 per cent that of the USA.

People's Republic

Main article: Economic history of the People's Republic of China

1950 - 1975

USA was the world's largest economy followed by the USSR, Japan, Germany and China. The gross domestic product of China in 1975 was estimated at about 10 per cent that of the USA. Though Mao's collectivisation reforms helped arrest the economic decline, China was no longer the largest Asian economy.

1975 - 2000

USA was the world's largest economy followed by Japan, Germany and China. The gross domestic product of China in 2000 was estimated at about 10 per cent that of the USA. Capitalist reforms initiated by Deng Xiaoping in the early 1980s initiated the current wave of export-oriented economic expansion.

2000 - Present

The gross domestic product of China in 2006 was estimated at about 20 per cent that of the USA.

See also