Thursday, October 23, 2014 5:35 PM EST

China

The People's Republic of China (PRC) is the most extensive country in East Asia and the third or fourth most extensive country in the world. With a population of over 1.3 billion people, it is the most populous country in the world.
   
The Communist Party of China (CPC) created the PRC in 1949 after defeating the Republic of China (ROC) in a civil war lasting from 1946 to 1950. China remains one of the few remaining officially communist/socialist states in the world, although its government, economics, and society can no longer be convincingly qualified as such. After Deng Xiaoping initiated the “reform and opening” period in the 1980s, which reintegrated China with world trade and dramatically increased its economic growth, the country’s government has referred to its political system as “socialism with Chinese characteristics.”  
  
The term "Mainland China" is used to denote the areas under PRC rule, but excludes its two Special Administrative Regions: Hong Kong and Macau. Since the ROC and its main political party, the Nationalists or Guomindang (GMD) retreated to Taiwan, both mainland and Taiwanese governments have disputed the political status of the island. Efforts to assert de jure independence from the Taiwanese independence movement in the late 1990s created friction with the mainland, but the further lifting of trade, travel, and investment restrictions over past years have resulted in a period of warming relations. 
 
Because of its vast population, rapidly growing economy, and large research and development investments, China is considered an "emerging superpower". In past years, it has consistently shown yearly double digit growth, which eventually allowed the country to become world's second largest economy in both nominal and purchasing power parity terms. According to various international groups, China passed Japan to become the world’s second largest economy at the end of 2010. The International Monetary Fund and World Bank respectively predict that China’s economy will become the world’s largest by 2017 or 2030.  The government is currently trying to adjust the economy in two significant ways: first by slowing growth and preventing the economy from overheating; second by rebalancing to orient from export-driven to domestic-consumption driven growth.
 
China plays a critical role in international trade. The country is the world's largest consumer of steel and concrete, using, respectively, a third and over a half of the world's supply of each. Counting all products, China is the second largest importer and the largest exporter in the world.
However, in per capita terms, the country largely remains a developing nation, ranking 90th in the world with the average person making only more than $5,400 a year in 2011 (IMF). However, people living in relatively developed large urban areas in the coastal regions, especially in Beijing, Shanghai, and Guangzhou have living standards increasingly comparable to those in South Korea and Japan.
 
China is also a permanent member of the United Nations Security Council and the Asia-Pacific Economic Cooperation Organization. Since 1978, China's economic reforms have lifted hundreds of millions out of poverty. However, the country is now faced with a number of other economic problems, including an aging population, an increasing rural-urban income gap, and rapid environmental degradation.

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Articles About China

HTC smartphones
HTC Desire 820 Mini Shows Up, Features 5-inch HD Display, Quad-core 1.2 GHz CPU, 1 GB RAM And 8 MP Cam

By IBTimes AU

HTC Desire 820 Mini appears on HTC China website. The article has details on the alleged specifications of HTC Desire 820 Mini. (4:15 pm)

MORE TOPICS: SMARTPHONE, ANDROID, HTC

Singaporeans pose while blowing bubbles in this early January 1992 photograph
Seven Weird Things Banned by Governments

By IBTimes AU

While it vastly depends on the culture an individual country follows, there are certain bans which evoke surprise to the rest of the world. (3:34 pm)

MORE TOPICS: AUSTRALIA, CUBA, MANAGEMENT

Office workers are reflected as they walk past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected
Australian Stock Market Report – Midday October 23, 2013

By Comsec

Australian shares are treading water ahead of an update on China's manufacturing sector at 12.45pm AEDT. The All Ordinaries Index (XAO) is down 0.1 per cent, losing ground for the first time in almost two weeks. (2:18 pm)

MORE TOPICS: MANUFACTURING, TWITTER, FACEBOOK, JAPAN

A Visitor Holds A New Samsung Galaxy Note 4 Smartphone At The Unpacked 2014 Episode 2 Event Ahead Of The IFA Electronics Show In Berlin
Three Dual SIM Samsung Galaxy Note 4 Duos Variants Comes To China

By IBTimes AU

Samsung is all set to release three dual SIM variants of Galaxy Note 4 in China. (2:07 pm)

MORE TOPICS: SAMSUNG, INDIA

iOS 8
Pangu Beats Evad3rs, Releases iOS 8 Jailbreak in Record Time: Reasons Not to Install For Now

By IBTimes AU

Barely a few days after Apple has made iOS 8.1 public, the much-awaited iOS 8 jailbreak release date became a reality and as expected Team Pangu of China has outraced the Evad3rs in issuing the Evasi0n8 unlocker. (1:17 pm)

MORE TOPICS: IPHONE, TWITTER, IPAD

Dale Newman (R) and Paul Martella are dressed as zombies as they take part in a zombie crawl during Halloween in Santa Monica, California October 31, 2013. REUTERS/Mario Anzuoni
Global Markets Overview – October 23, 2014

By IG Markets

The US markets snapped out of a four day losing streak overnight. The futures market Asia will likely follow suit, while the ASX should snap out of a seven day rally. (11:08 am)

MORE TOPICS: GOLD, DOW JONES, FTSE, TWITTER, FACEBOOK, JAPAN

Samsung Flags Are Set Up At The Main Entrance To The Berlin Fair Ground
Wallet-Friendly ‘Samsung Galaxy Core Max’ Comes With 4.8-Inch Super AMOLED Display, Dual-SIM Support And More

By IBTimes AU

Samsung has unveiled a brand new device called the Galaxy Core Max and the device is reported to be wallet-friendly. (10:20 am)

MORE TOPICS: IPHONE, SAMSUNG, BLACKBERRY, SMARTPHONE, ANDROID

Manufacturing
Australian Stock Market Report – Morning October 23, 2014

By Comsec

US economic data, the Consumer Price Index rose by 0.1% in September while the core index (excludes food and energy) also rose by 0. Prices are up 1.7% on a year ago. The mortgage market index soared by 11.6% with the refinancing index up 23.3% in the latest week. (9:58 am)

MORE TOPICS: GOLD, DOW JONES, CRUDE OIL, MANUFACTURING, TWITTER, FACEBOOK

League of Legends Finals Hauls 40K Fans, Samsung White Wins 1M Prize [VIDEO]

By IBTimes AU

Samsung White, a South Korea-based team, captured the 2014 League of Legends World Championships and took home the $1M USD prize pool. The event attracted 40,000 fans in a live viewing party at a stadium in Seoul, South Korea. (11:06 pm)

MORE TOPICS: SAMSUNG, CALIFORNIA, SOUTH KOREA, NATIONAL FOOTBALL LEAGUE, MAJOR LEAGUE BASEBALL

iOS 8
iOS 8 Jailbreak Release Date is Doomed as Team Evad3rs Opts Out, Pangu Hits Snag – Report

By IBTimes AU

Seeing an iOS 8 jailbreak release date anytime soon is next to a miracle as a new report suggests that major hacking teams are either abandoning the project or staring on a blank wall. (Oct 22)

MORE TOPICS: IPHONE, IPAD, IPOD