After nearly 40 years of reform, China has obtained great achievements and become one of the largest economy in the world. China's gross domestic product - GDP in 2021 reached 114.37 trillion yuan ($18 trillion). China's average GDP growth in the period 2020-2021 was 5.1%, which is the highest rate all over the world.

After nearly 40 years of reform, China has obtained great achievements and become one of the largest economy in the world. China's gross domestic product - GDP in 2021 reached 114.37 trillion yuan ($18 trillion). China's average GDP growth in the period 2020-2021 was 5.1%, which is the highest rate all over the world.

Currently, China is the fourth largest country over the world. after the US, Japan and Germany in the manufacturing of modern industrial goods. China ranks first in the world in 35 categories of industrial products such as color television sets, washing machines, refrigerators, air conditioners, computers, digital phones, microwave ovens, VCDs, and mobile phones. mobile phones, fax machines, motorcycles, bicycles, computer components, silk, clothing..., which accounts for over 50% of the total global output.

China is the world's largest rice producer. Other agricultural products are wheat, maize, tobacco, peanuts, cotton, potatoes, peanuts, tea, millet, barley, and pork... Agricultural exports such as vegetables, fish, shrimp, cereals and grain products, meat and meat products are exported to Hong Kong.

Cattle farming ranks second in importance in China's agricultural production. China is a leading producer of pork, chicken, and eggs, and also has large herds of sheep and cows. Since the mid-1970s, China has placed greater emphasis on cattle farming output. China’s marine processing, freshwater fish farming and aquaculture are also developed.

Industry and construction account for about 48% of China's GDP. About 8% of manufactured output in the world comes from China. China ranks third in the world in terms of industrial output. The main industries are mining, ore processing, iron and steel, aluminum, coal, machinery, weapons, textiles, petroleum, cement, chemicals, fertilizers, food processing, manufacturing of automobile and other means of transport including rail cars, ships, airplanes, consumer goods including shoes, toys, electronic goods, telecommunications technology products.

Currently, Vietnam exports to China more than 100 items, including electronic goods (about 15.5%), raw materials, agricultural products, aquatic products, consumer goods... Vietnam imports mainly from China machinery, equipment, phones of all kinds, computers, electronic products, fabrics of all kinds, iron and steel of all kinds...