China is a state that is positioned in the Eastern region of Asia.It has a high population of 1.404 billion people, making it the country with the highest number of people in the world.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.China’s communist party is in charge of the well being and the progress the 22 provinces in the country.China consists of five sovereign sectors, four of them being Chongqing, Shanghai, Tianjin, and Beijing.
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.Later; the ROC exterminated the dynasty tradition when it took over the country in the year 1949.Since the introduction of economic reforms in China, its economy has experienced a considerable growth.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.Its budget on defense measures is therefore high, landing it to the second highest defense budget on a worldwide basis.The United Nations acknowledge to have China as part of the movement as it highly impacts in the undertakings of the world.It is a member of several multiparty organizations such as the Shanghai Cooperation Organization, WTO, BCIM, BRICS, G20 and APEC.
The Organization on World Trade has had this country as its member since 2001.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.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.
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.Recently, China has collaborated with African countries to facilitate trading activities.China is getting its undertakings right the trading sector as it is working on increasing and developing its connections with great South American countries.