China is now the world's second largest economy and so it is classified as an advanced economy.

Name: China is now the world's second largest economy and so it is classified as an advanced economy.
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China, despite being the world's second-largest economy, is classified as an emerging market economy by major economic indices and institutions due to its GDP per capita and other developmental metrics not meeting the criteria for an advanced economy.

China Is Now the World's Second Largest Economy and So