<Tr> <Th> Foreign reserves </Th> <Td> $3 trillion (April 2017) </Td> </Tr> <Tr> <Td_colspan="2"> Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars . </Td> </Tr> <P> China's socialist market economy is the world's second largest economy by nominal GDP and the world's largest economy by purchasing power parity according to the IMF, although China's National Bureau of Statistic denies this claim . Until 2015, China was the world's fastest - growing major economy, with growth rates averaging 10% over 30 years . Due to historical and political facts of China's developing economy, China's public sector accounts for a bigger share of the national economy than the burgeoning private sector . On a per capita income basis, China ranked 71st by GDP (nominal) and 78th by GDP (PPP) in 2016, according to the International Monetary Fund (IMF). The country has an estimated $23 trillion worth of natural resources, 90% of which are coal and rare earth metals . </P> <P> China is a global hub for manufacturing and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world . China is also the world's fastest growing consumer market and second largest importer of goods in the world . China is a net importer of services products . As of 2016, China is the second largest trading nation in the world and plays a prominent role in international trade and has increasingly engaged in trade organizations and treaties in recent years . China became a member of the World Trade Organization in 2001 . China also has free trade agreements with several nations, including ASEAN, Australia, New Zealand, Pakistan, South Korea and Switzerland . The provinces in the coastal regions of China tend to be more industrialized, while regions in the hinterland are less developed . As China's economic importance has grown, so has attention to the structure and health of the economy . </P>

What is the size of the chinese economy