Question

What kind of economy does China have?

Developed
Emerging
Developing
Undeveloped

Answer 1

China has an **emerging economy**. Over the past few decades, it has experienced rapid economic growth and development, transitioning from a primarily agrarian society to a global manufacturing hub and now also emphasizing technology and services. While China has made significant strides and has elements of a developed economy, it still faces challenges typical of emerging markets, such as income inequality and environmental issues.