Country Report of China

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COUNTRY REPORT

PEOPLE REPUBLIC OF CHINA

MACRO ECONOMICS
GROUP 11 - PGDM SEC - B

SUBMITTED TO:- PROF. RAJKISHAN NAIR

CONTENT

CONTENT
 History  Demography
o o o o o o Ethnic groups Languages Urbanization Education Health Religion

 Geography
o o o o o Location Size Land Use Natural Resources Political Geography

 Economy
o o o o o o o o o o o o o o o o o o o o o Overview Gross Domestic Product (GDP) Government Debt to GDP Current Accounts Foreign Reserve Government Budget Inflation Macro Economic Policies Special and Open Economic Zones Agriculture Industry and Manufacturing Mining and Minerals Energy Services Banking and Finance Labor Imports Exports Trade Balance Balance of Payments Stock Market

 Business environment
o o o o o o Foreign Economic Relations Foreign Aid and Foreign Investment Currency and Exchange Rate Foreign Relations Relationship with India Business Opportunities

 Conclusion

HISTORY
China officially known as the People's Republic of China (PRC), is the most populous country in the world, with over 1.3 billion citizens, located in East Asia, the country covers approximately 9.6 million square kilometers (3.7 million square miles). It is the world's secondlargest country by land area. The ancient Chinese civilization—one of the world's earliest—flourished in the fertile basin of the Yellow River in the North China Plain. China's political system was based on hereditary monarchies, known as dynasties, beginning with the semi-mythological Xia of the Yellow River basin (approx. 2000 BC) and ending with the fall of the Qing Dynasty in 1912. Since 221 BC, when the Qin Dynasty first conquered several states to form a Chinese empire, the country has fractured and been reformed numerous times. The Republic of China (ROC), founded in 1912 after the overthrow of the Qing, ruled the Chinese mainland until 1949. In the 1946–1949 phase of the Chinese Civil War, the Chinese Communists defeated the Chinese Nationalists (Kuomintang) on the mainland and established the People's Republic of China in Beijing on 1 October 1949. The Kuomintang relocated the ROC government to Taiwan with its capital in Taipei. Since then, the People's Republic of China and the Republic of China (subsequently became known as Taiwan) have remained in dispute over the sovereignty of China and the political status of Taiwan, mutually claiming each other's territory and competing for international diplomatic recognition. In 1971, the PRC gained admission to United Nations and took the Chinese seat as a permanent member of the U.N. Security Council. The PRC is also a member of numerous formal and informal multilateral organizations, including the WTO, APEC, BRICS, the Shanghai Cooperation Organization and the G-20. In recent years China has become a tremendous success story. The economy grew very rapidly in the last years of the 20th century and by the mid-1990s China had become an affluent society. Consumer goods like TVs and fridges became common. In the last years of the 20th century the government switched to a market economy. Peasants in communes were given contracts. They were given a certain amount of land and agreed to grow a certain amount of crops. If they grew any excess they could sell it. In industry factories were given more autonomy. They were allowed to make their own agreements with their suppliers and their customers. If they made large profits they could pay their workers bonuses. The new slogan was 'To be rich is glorious!'. Four special economic zones were formed in the east. The result was a huge increase in Chinese industrial output and a great improvement in Chinese standards of living. In 2005 there was a significant sign of China's growing economic power when Shanghai overtook Rotterdam as the largest port in the world. China is predicted to become the world's largest economy by 2040.In 2008 the Olympic Games were held in Beijing, a sign of China's increasing importance on the world...
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