Why to Start a Shipping Company in China

Topics: United States, Hu Jintao, People's Republic of China Pages: 3 (1030 words) Published: March 13, 2013
One of the largest countries in the world, a territorial size of 9,596,961 square kilometers with land compromising of 9,569,901 square kilometers and 27,060 square kilometers of the total territorial size being water, China is the fourth largest country in the world. China is located in Eastern Asia, bordering four of the world’s major seas and fourteen countries. These countries include Afghanistan, Bhutan, Burma, India, Kazakhstan, North Korea, Kyrgyzstan, Laos, Mongolia, Nepal, and Pakistan, the northeast and northwest borders of Russia, Tajikistan, and Vietnam. With China having such a large land mass, its total population has been estimated at a total of 1,336,718,015 (July 2011 EST.).

A country this large in land mass and with such a large population is run by President HU Jintao, since March 2003, and Vice President XI Jinping, since March 2008. Although China gained its freedom on October 1, 1949, over half a century ago from the Qin Dynasty, China is now a communist state known as the People’s Republic with civil law as the derivation of the form of law. The Chinese Communist Party (CCP) is the head political party in China in which they control and lead the society at all levels.

In 2010, China was ranked as the second-largest economy in the world next to the United States of America. It was also ranked the number one exporter in the world transforming from a more centrally planned system to a global role. China’s economic system is classified as a state capitalism. By definition, a state of capitalism is described as a commercial (profit seeking) economic activity undertaken by the state. The gross domestic product (GDP) for China is estimated at $10.09 trillion and GDP per capita purchasing power parity (PPP) of $7,600 in 2010. Of all the natural resources in the world, China’s natural resources include coal, iron ore, magnetite, petroleum, aluminum, natural gas, mercury, tin, lead, manganese, molybdenum, vanadium and uranium. Possessing these...
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