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The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [27] China is the world's second largest economy by nominal GDP, behind the United States, and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
10 February – Gerald Hensley, public servant and diplomat, High Commissioner to Singapore (1976–1980), Head of the Prime Minister's Department (1980–1987), Secretary of Defence (1991–1999) (born 1935). [335] 13 February – Kerry Carman, botanical artist, gardening writer and columnist (New Zealand Listener) (born 1939). [336]