China, also referred to as the People’s Republic of China, is an autonomous state located on the Eastern side 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 is important to note that China is made up of five autonomous regions that are under direct ruling.
China was among the earliest civilizations when it appeared from the Yellow River basin in the plain of North China.China was controlled and ruled by hereditary monarchies during the very early ages of time after its emergence.Later; the ROC exterminated the dynasty tradition when it took over the country in the year 1949.The economy of China has tremendously grown, outdoing a majority of other nations.The economy of China was ranked as the best in 2016 as its purchasing power parity was highest.In reference to trade, China makes the most exports in the world, and takes second place for making the most imports.
As China has been long known for its populous army; its atomic armaments also stand out.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.
Since 2001, China has been a member of several world based organizations.China has been able to largely contribute to the creation of open trade regions in the Asia and Pacific regions.In the year 2000, the United States Congress agreed to the standard trade requests from China.The aim of this project was to ensure that goods and commodities from China can get into the United States of China a considerably flat fee.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.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.China is getting its undertakings right the trading sector as it is working on increasing and developing its connections with great South American countries.