Saturday, August 2, 2014 2:02 AM EST


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

Basketball player Metta World Peace poses with his family at Nickelodeon's Kids' Choice Sports 2014 award show in Los Angeles July 17, 2014.
World Peace in China, Metta to Become Highest Paid Import in Chinese Basketball Association

By IBTimes AU

Metta World Peace is bringing his brand of basketball to China to play for the Sichuan Blue Whales in the Chinese Basketball Association (CBA) and is set to be the highest-paid import in the league after agreeing to a $1.43 million contract with the Chinese squad. (9:15 pm)


Apple CEO Tim Cook delivers his keynote address at the World Wide developers conference
Apple Inc Shifting to 'Lifestyle Brand' Under Tim Cook; Samsung Losing Smartphone Numbers War

By IBTimes AU

Under the leadership of Tim Cook, Apple will make sure it has a device in every aspect of a person's life. (8:32 pm)


Northern Ireland vs. Mexico Brawl Caught on Video Yet Again

By IBTimes AU

An international match between Northern Ireland and Mexico under-19 squads turned violent after the teenagers got involved in a brawl that saw multiple players get hurt and some get sent off from game held in the Northern Ireland Youth Soccer Tournam... (1:15 pm)


Three models of China's Xiaomi Mi phones are pictured during their launch in New Delhi
Xiaomi Suspected to Leak Data to Chinese Servers, Points to Growing Instances of International Spying Using Gadgets and Software

By IBTimes AU

In the latest in the growing instance of international spying using devices and software, Chinese company Xiaomi's RedMi Note is suspected to transmit personal data including SMS messages and photos to servers located in mainland China. (12:37 pm)


This undated handout photograph shows a field of wheat growing near Bruce Rock in Western Australia.
5 Things Australia Imports from China

By IBTimes AU (No Google news)

With the many import scandals involving China in other countries, should Australia be concerned? (12:09 pm)


Senior refinery technician Vincente Sandoval puts a gold "button" into a furnace to be further refined to form gold dore bars at Newmont Mining's Carlin gold mine operation near Elko, Nevada May 21, 2014. The dore bars contain approximately
Gold in China: 127-Tonne Gold Reserves Tapped in Xinjiang

By IBTimes AU

A gold reserve holding 127 tonnes of the precious safe haven yellow metal has been discovered in northwest China's Xinjiang Uygur Autonomous Region. The find is estimated to be worth 40 billion yuan ($6. (11:41 am)


Canada's Prime Minister Stephen Harper
Canada Blames Hamas for the Bloodshed in Gaza

By IBTimes AU

Canada’s Prime Minister Stephen Harper reiterated Canada’s support to Israel and blamed Hamas squarely for the death and destruction in Gaza. Harper was unfazed by the US criticism of Israel for the attack on UN schools in Gaza and said no one likes the suffering and loss of life. (11:03 am)


Samsung Smart Wearable Devices Gear 2, Gear 2 Neo, Gear Fit
Samsung Galaxy S5 a Downer for Samsung as Phone Sales Slumps: What Happened

By IBTimes AU

Samsung Electronics Co. of South Korea is experiencing a sales slump amidst tough competition from Apple and rivals from China. Aside from fending off numerous rivals to maintain enough market share, additional woes are being experienced by Samsung due to the strength of its local currency. (Jul 31)


The sun is seen behind smoke billowing from a chimney of a heating plant in Taiyuan, Shanxi province in this December 9, 2013 file photo.
Pacific Islands Forum Delegates Appeal for Changes to Climate Policies, Better Marine Life Protection

By IBTimes AU

Delegates from Pacific Island nations have arrived in Palau to attend the Pacific Islands Forum to discuss climate change, marine life protection and non-communicable diseases. The forum began on July 29 and is expected to last until August 1 with the attendance of observers from the U.S. (Jul 31)


Microsoft CEO Satya Nadella gestures as he speaks at the company's  "build" conference in San Francisco in this file photo taken April 2, 2014.
New Nokia XL (4G) Unveiled With Snapdragon 400 Processor, 1 GB RAM and More

By IBTimes AU

Microsoft has introduced a new Nokia XL variant in China dubbed the Nokia XL 4G. As the name implies, it is a 4G LTE-variant of the Nokia XL handset released originally in May. For those unfamiliar, Microsoft announced earlier this month that Nokia X... (Jul 31)