What You Need to Know About China China is a state that is positioned in the Eastern region of Asia.It has a high population of 1.404 billion people, making it the country with the highest number of people in the world.In reference to massive land area coverage, it holds second position in the world, but […]
China is a state that is positioned in the Eastern region of Asia.It has a high population of 1.404 billion people, making it the country with the highest number of people in the world.In reference to massive land area coverage, it holds second position in the world, but is third or fourth place in reference to the total area it covers.It utilizes jurisdiction over a total of 22 provinces, and is under the governance of the Communist Party of China.It entails five independent regions, four which are municipalities that are directly controlled; namely Shanghai, Beijing, Chongqing, and Tianjin.
China transpired in the fertile basin of the Yellow River as one of the earliest civilizations in the world.China was controlled and ruled by hereditary monarchies during the very early ages of time after its emergence.The hereditary monarchy system was put to a halt by the Republic of China (ROC) in 1949.As the economic reforms were introduced to China in 1978, its economy has grown at a swift rate as compared to most of the other countries in the world.The economy of China was ranked as the best in 2016 as its purchasing power parity was highest.In the imports and exports sector, China lead s in the exports and is second in the imports.
In addition to having the largest group of army members, it is equipped with nuclear weapons of great power.Its budget on defense measures is therefore high, landing it to the second highest defense budget on a worldwide basis.The United Nations acknowledge to have China as part of the movement as it highly impacts in the undertakings of the world.Other organizations that have China as one of its members are the WTO, BRICS, BCIM, Shanghai Cooperation Organization, G20 and APEC.
The Organization on World Trade has had this country as its member since 2001.It has made a huge impact in creating free trade areas in the Asia-Pacific region.In 2000, China was able to convince the United States Congress on the facilitation of trading activities under normal trade conditions just like it is for most of the other nations.This undertaking enabled the exports from China to get into the United States of America at significantly low prices.There was a time when a significant group of politicians in the United States of America claimed that the Chinese Yuan was being undervalued, thus receiving unfair trade benefits.
China, and the United States of America, highly benefit from each other due to their trading activities with each other.The current partnership that China has been building with a couple of African countries has already started making a significant impact on the nation’s economy.As China is a great trading partner with different countries all the world, its collaboration with some of the most influential South American nations has resulted in the development of the country as a whole.