The Chinese economy is one of the largest in the world, characterized by rapid growth and significant industrialization. Since the late 20th century, China has shifted from a planned economy to a more market-oriented approach, leading to increased foreign investment and trade. Key sectors include manufacturing, technology, and agriculture. China is also a major player in global trade, exporting goods like electronics and textiles. The government plays a crucial role in economic planning and development, often implementing policies to stimulate growth and manage inflation. Despite challenges such as environmental issues and income inequality, the economy continues to expand.