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.China’s communist party is in charge of the well being and the progress the 22 provinces in the country.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.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.China is listed as the largest exporter of goods in the world and the second largest for importing activities.
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.Its budget on defense measures is therefore high, landing it to the second highest defense budget on a worldwide basis.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.It has made a huge impact in creating free trade areas in the Asia-Pacific region.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.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.