On the Eastern parts of Asia is a great independent state known as the Peoples Republic of China.It has a high population of 1.404 billion people, making it the country with the highest number of people in the world.It takes second place for having the greatest coverage of land area, and takes third or fourth place for having the most vast total area coverage as a country.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 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.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.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.China is listed as the largest exporter of goods in the world and the second largest for importing activities.
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 also part of other agencies, some of them including BRICS, APEC, BCIM, G20, WTO, and the Shanghai Cooperation Organization.
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 allowed the Chinese exports to get into the United States at similarly low rates as majority of other countries.A number of politicians from the United States of America were displeased with what was happening with the trading activities with China as they claimed that they were receiving trading benefits that were utterly inequitable.
It is evident that the positive relationship that has been created between China and the United States has played a role in the economic development of each country.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.