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.China has been recognized to be the second country for having a hefty land area that supports the growing of various crops as well as residential land for the people.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.In the early ages, the political system of China was controlled by dynasties, or rather; hereditary monarchies.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.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.
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.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.
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 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.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.China is getting its undertakings right the trading sector as it is working on increasing and developing its connections with great South American countries.