Which of the following statements is/are correct about the economy of China ? (It was recently in news). China is the world’s fastest growing economy with average growth rate of 10% for the last 30 years. China is the world’s second largest economy by purchasing power parity. China’s economy was valued a little higher than that of Japan’s.

• A. Only 1
• B. Only 2
• C. All 1, 2 and 3
• D. Only 2 and 3
• E. Only 1 and 2