china city

The PRC is considered to be a major power and an emerging superpower, holding a permanent seat on the UN Security Council and memberships in the WTO, APEC, East Asia Summit, and Shanghai Cooperation Organization. China is a nuclear state and has the world’s largest standing army and fourth largest defense budget. China is one of the world’s fastest growing economies in terms of nominal GDP growth china city , and is the fastest-growing major economy. It has the world’s fourth largest GDP in nominal terms or second largest in purchasing power, and consumes as much as a third of the world’s steel and over half of its concrete. The PRC is also the world’s second largest exporter and the third largest importer. Since the introduction of market-based economic reforms in 1978, the poverty rate in the PRC has decreased from 53% in 1981 to 8% in 2001. However, the PRC is now faced with a number of other economic problems including a rapidly aging population, a widening rural-urban income gap, and environmental degradation.
Major combat in the Chinese Civil War ended in 1949 with the Communist Party of China in control of the mainland, and the Kuomintang retreating to Taiwan. On 1 October 1949 Mao Zedong proclaimed the People’s Republic of China. Red China was a frequent appellation for the PRC used from the time of Communist ascendance until the mid-late 1970s with the improvement of relations between China and the West jaguar com
After Mao’s death in 1976 and the arrest of the Gang of Four, blamed for the excesses of the Cultural Revolution, Deng Xiaoping quickly wrested power from Mao’s anointed successor Hua Guofeng. Although Deng never became the head of the Party or State himself, his influence within the Party led the country to economic reforms of significant magnitude. The Communist Party subsequently loosened governmental control over citizens’ personal lives and the communes were disbanded with many peasants receiving multiple land leases, which greatly increased incentives and agricultural production. This turn of events marked China’s transition from a planned economy to a mixed economy with an increasingly open market environment, a system termed by some market socialism»» cartocollect.com . The PRC adopted its current constitution on 4 December 1982.»