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.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 controls 22 territories which are ruled by the Communist Organization 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.During the early times, China was under the rule of dynasties.They were later overthrown by the Republic of China which was in charge of the Chinese mainland until 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.China attained the first spot for having the highest purchasing power parity in the economic sector, and second in the theoretical GDP category.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.This facilitates the high defense budget that it has.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.
China is one of the many countries that are part of the World Trade Organization.It has made a huge impact in creating free trade areas in the Asia-Pacific region.In the year 2000, the United States Congress agreed to the standard trade requests from China.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.
China, and the United States of America, highly benefit from each other due to their trading activities with each other.The collaboration of China with a number of African nations is also making an impact to the country’s economic state.It is also evident that China has been able to grow its ties with highly influential South American economies, thus becoming a more significant trading partner.