Since China opened to the world in 1978, it had an average annual GDP growth of 10% and more than 800 million people have been lifted out of poverty.
According to data from the National Bureau of Statistics of China (NBS), China's GDP grew by 8.1% in 2021 compared to 2020.
China-World trade in 2021 is around 6.05 trillion USD (+ 21.4% on 2020). Total exports from China were $ 3.36 trillion (+ 29.9%) and imports to China were $ 2.69 trillion (+ 30.1%).
In 2021, exports from China to the EU27 amounted to USD 518.3 billion (+ 32% compared to 2020) and imports totaled USD 309.9 billion (+ 19.8%).
Finally, again in 2021 the volume of bilateral trade between China and Italy reached USD 73.95 billion, with an increase of 34.1% compared to 2020. In particular, Italian exports to China increased by 36, 3% largely thanks to e-commerce.
The International Monetary Fund, on the other hand, estimates a 4.8% growth for the Chinese economy in 2022 considering the unknowns related to the energy and the real estate market crisis.