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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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Chinese President Hu Jintao and U.S. President Barack Obama speak at a joint press conference following the summit in China.
35m 31s |
a week ago
CNBC Video Gallery - CNBC.com
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The Hong Kong-listed shares of China Minsheng Bank fell below its issue price in pre-market trade on Thursday. Francis Lun, GM of Fulbright ...
4m 12s |
Yesterday
CNBC Video Gallery - CNBC.com
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Tina So, managing director of Visiongain Capital Ltd., talks with Bloomberg's Zeb Eckert about her investment strategy for Hong Kong and mainland China stocks.
2 days ago
Bloomberg - Financial News
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Anthony Bolton, president of investments at Fidelity International, talks with Bloomberg's Bernard Lo about his plan to move to Hong Kong to set up a fund focusing on the country.
Yesterday
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Nov 20 - Tsingtao, China's No.2 beermaker, is hoping a recovering economy and know-how from Japan's Asahi will return it to double-digit growth.
1m 31s |
a week ago
Reuters
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The U.S. president leaves Beijing with a long to-do list, but is his relationship with Chinese leaders strong enough to tackle it? WSJ's Ian Johnson breaks down Obama's first visit to the world's ...
2m 33s |
a week ago
The Wall Street Journal
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Nov. 24: Thousands of families are living with drywall imported from China that could make them sick, government officials confirmed. Some are reporting breathing problems and headaches.
2 days ago
MSN Video
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President Obama and Chinese President Hu Jintao hold talks in Beijing. CNN's John Vause reports.
2m 19s |
a week ago
CNN
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