What You Need to Know About China

China is a state that is positioned in the Eastern region of Asia.It is popularly known for a variety of significant aspects such as having the highest population in the world, which is 1.4 billion.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 controls 22 territories which are ruled by the Communist Organization 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.Since the introduction of economic reforms in China, its economy has experienced a considerable growth.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.

China is a country that is recognized for having some of the most powerful nuclear weapons as it also has the largest army in the world.This makes its defense budget to be exceedingly high; making it the second largest.Since 1971, China has been part of the United Nations.It is a member of several multiparty organizations such as the Shanghai Cooperation Organization, WTO, BCIM, BRICS, G20 and APEC.

China is one of the many countries that are part of the World Trade Organization.Free trade areas have been developed as a result of China’s significant influence in the areas of the Pacific and Asia.In the year 2000, the United States Congress agreed to the standard trade requests from China.This allowed the Chinese exports to get into the United States at similarly low rates as majority of other countries.This triggered some US politicians who made claims that the Yuan had more value than claimed to receive the special treatment they were getting.

China, and the United States of America, highly benefit from each other due to their trading activities with each other.Recently, China has collaborated with African countries to facilitate trading activities.China is getting its undertakings right the trading sector as it is working on increasing and developing its connections with great South American countries.

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