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What You Need to Know About China

China, also referred to as the People’s Republic of China, is an autonomous state located on the Eastern side of Asia.Its large population of 1.4 billion people makes it the highest populated country 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.

As one of the first worlds civilizations, China appeared from a fertile basin in the North China Plain.In the early ages, the political system of China was controlled by dynasties, or rather; hereditary monarchies.They were later overthrown by the Republic of China which was in charge of the Chinese mainland until 1949.Since the introduction of economic reforms in China, its economy has experienced a considerable growth.In 2016, it was ranked first for having the largest economy in reference to the purchasing power parity and the second position in reference to nominal GDP.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.This makes its defense budget to be exceedingly high; making it the second largest.The Peoples Republic of China is a member of the United Nations as it joined in the year 1971, having replaced the Republic of China.Other organizations that have China as one of its members are the WTO, BRICS, BCIM, Shanghai Cooperation Organization, G20 and APEC.

Since 2001, China has been a member of several world based organizations.Free trade areas have been developed as a result of China’s significant influence in the areas of the Pacific and Asia.The United States Congress accepted the permanent normal trade relations with China in 2000.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.

The trading relationship developed between the United States of America and the Peoples Republic of China have profoundly contributed to the excellence and growth of each country.Recently, China has collaborated with African countries to facilitate trading activities.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.

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