People's Republic of China
China is a great country which has an over 5,000 years’ history of civilization. For centuries China stood as a leading civilization, outpacing the rest of the world in the arts and sciences. But in the 19th and early 20th centuries, the country was beset by civil unrest, major famines, military defeats, and foreign occupation. After World War II, China further suffered from a 3-year civil war between the Kuomintang and the Communist Party of China, before the communist-led new China was born on Oct. 1, 1949. Unfortunately, the first 3 decades of PRC (People’s Republic of China) was not successful. After 1978, Deng xiaoping and other Chinese leaders shifted the governing policy and launched a series of economic reforms to develop a market-oriented economy. Since then, China has been experiencing fast growth in economy for more than 3 decades and living standards for most of the population have been dramatically improved. In the beginning of 2011, China overtook Japan as the world’s second largest economy. But due to its large population, China remains much poorer than Japan, with GDP per head about a fifth that of its neighbour when purchasing power differences are taken into account.
Although China has won great success in the past 30 years, there are many problems facing the uprising nation, rampant corruption, wealth disparity, environmental pollution are among the most significant ones.
In mainland China (except Taiwan, Hong Kong and Macao), there are 22 provinces, 5 autonomous regions and 4 municipalities. Major cities include Beijing, Shanghai, Guangzhou, Shenyang, Chengdu, Xian, Wuhan etc.
Chinese population consists of 56 ethnic groups, with the majority Han making up 91.9% of the total.
- Tang Dynasty in the Chinese History
For a long period of time in history, China was the number 1 power of the world. It was in the world’s leading position both in economy and culture.
- The Chinese Calligraphy
Calligraphy has remained a potent force in Chinese life up to the present. During the Song, Yuan, Ming, and Qing dynasties, calligraphy continued to be a central art of the literati, closely associated both with painting and with the social and cultural life of the educated elite.
- China's Economic Growth Ebbs to Lowest in 2 Years
The expansion in the world's second-largest economy was the slowest in 2 1/2 years but December retail sales and factory output accelerated, data showed Tuesday. Growth in the previous quarter was 9.1 percent.
- The Chinese Lunar New Year - Spring Festival
Now the Chinese lunar new year is around the corner. It’s generally a happy occasion. People get together with their families to celebrate, friends visit each other. But this also means quite a long break for many businesses, such the cargo transportation, the stock markets, factories will usually have 15-20 days holiday because the workers need to travel thousands of miles back home to celebrate the spring festival. So, this is not always enjoyable for all the people.
- Wuhan & Chengdu Entered into GDP Top-10 in Mainland China
With the rise of business costs, such as labour and land etc, many manufacturing companies in China are experiencing a relocating process, from east to the west. This is directly reflected by the slowing down of the GDP growth in the eastern provinces and a strong growth in the central and western regions, like hubei and sichuan.
- China's Imports of Crude Oil and LPG
While the rest of the world are still suffering from the financial and economic crisis, the Chinese economy continues to grow robustly and the nation’s demand for energy like oil remains strong.
- PetroChina approved to set up oil refinery & petrochemical complex in Taizhou
Although many local people don’t like the project, worrying about the possible bad effects on the environment and fishing industry which they live on, it seems the oil refinery & petrochemical complex will be set up in the near future in Taizhou.
- Christmas in China
As the globalization going on, Chinese people begin celebrate more and more western festivals, like Christmas, Halloween, Valentine’s Day etc. The retail business is a major pushing force in promoting these holidays and celebrating ways in China because they need these concepts to do promotions and sales for their own products. And most consumers in China also welcome and accept them.
- Online Shopping in China
Only 5 years ago, few people in China shopped online, now the market is huge. China’s GDP accounts for 10% of the world’s total, but its online sales volume is 14% of the world’s total and is estimated to reach 20% this year.
- China Misses Housing Construction Target
China’s success in starting construction on 10m units of affordable housing this year has been stripped of some lustre by an admission that a third of the projects are little more than holes dug in the ground.