People's Republic of China
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Wikipedia.org
People's Republic of China (Wikipedia.org)

The People's Republic of China ( ), commonly known as China, is the largest country in East Asia and the third or fourth largest country in the world. With a population of over 1.3 billion, roughly one-fifth of the world's total population, it is the most populous country in the world. Its capital is Beijing.

The Communist Party of China (CPC) has led the PRC under a single-party system since the state's establishment in 1949. The PRC is involved in a long-running dispute over the political status of Taiwan. The CPC's rival during the Chinese Civil War, the Kuomintang (KMT), retreated to Taiwan and surrounding islands after its civil war defeat in 1949, claiming legitimacy over China, Mongolia, and Tuva while it was the ruling power of the Republic of China (ROC). The term "Mainland China" is often used to denote the areas under PRC rule, but sometimes excludes its two Special Administrative Regions: Hong Kong and Macau.

Because of its vast population, rapidly growing economy, large research and development investments, China is often considered as an emerging superpower. It has the world's fourth largest economy and second largest purchasing power parity. China is also a permanent member of the United Nations Security Council and Asia-Pacific Economic Cooperation. Since 1978, China's market-based economic reforms have helped lift over 400 million Chinese out of poverty, bringing down the poverty rate from 53% of population in 1981 to 8% by 2001. However, China is now faced with a number of other economic problems, including an aging population, an increasing rural-urban income gap, and rapid environmental degradation.

China plays a major 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. It is also the world's second largest importer of petroleum. Counting all products, China is the third largest importer and the second largest exporter in the world.

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Liu Erhfei, chairman for China at Merrill Lynch & Co., talked with Bloomberg's Stephen Engle in Beijing yesterday about the impact of the global financial crisis on Merrill's bid to get a brokerage ...
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Andrew Fung, head of investments at Hang Seng Bank Ltd., talked with Bloomberg's Susan Li yesterday about the outlook for Hong Kong stocks, China's economy, and the Hong Kong Monetary Authority's ...
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Many Chinese investors blame the U.S. for their own market woes, and are watching the election with anticipation.
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Paul Cavey, an economist at Macquarie Securities Ltd., talks with Bloomberg's Bernard Lo from Hong Kong about the implications of government moves to bail out banks in the U.S. and Europe, and the ...
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