China's global GDP shareDue to the introduction of capitalist market principles in 1978, China's economic market began to show immense change and growth. China's real GDP growth ranged at 2.99 percent in 2022. China's per capita GDP is also expected to continue to grow, reaching 12,670 U.S. dollars in 2022. Comparatively, Luxembourg and Norway have some of the world’s largest GDP per capita with 127,580 U.S. dollars and 106,330 U.S. dollars, respectively, as of 2022.
China is the largest exporter and second largest importer of goods in the world and is also among the largest manufacturing economies. The country also ranges among the world's largest agricultural producers and consumers. It relies heavily on intensive agricultural practices and is the world's largest producer of pigs, chickens, and eggs. Livestock production has been heavily emphasized since the mid-1970s. China’s chemical industry has also seen growth with a heavy focus on fertilizers, plastics, and synthetic fibers. China's use of chemical fertilizers amounted to approximately 51.9 million metric tons in 2021.