China, also referred to as the People’s Republic of China, is an autonomous state located on the Eastern side 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 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.The hereditary monarchy system was put to a halt by the Republic of China (ROC) in 1949.The economy of China has tremendously grown, outdoing a majority of other nations.The economy of China was ranked as the best in 2016 as its purchasing power parity was highest.In reference to trade, China makes the most exports in the world, and takes second place for making the most imports.
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 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.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.