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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 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.During the early times, China was under the rule of dynasties.The hereditary monarchy system was put to a halt by the Republic of China (ROC) in 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.
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.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.China has been able to largely contribute to the creation of open trade regions in the Asia and Pacific regions.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.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.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.