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China Profile Essay

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Below is an essay on "China Profile" from Anti Essays, your source for research papers, essays, and term paper examples.

China is reputable for being the world’s most populated country, with one of the oldest cultures. Many of the components of our everyday life were originally invented and made in China such as paper, gunpowder, credit banking, the compass and paper money.
After having deteriorated for over two decades under the rule of communist leader, late Chairman Mao, China is now the fastest prospering economy in the world. It has now propelled a space exploration program, set to send up a space station before the end of this decade.
The People’s Republic of China was established in 1949 when the Communist Party “won” the civil war against the previously ruling Kuomintang. Under the Communist rule, it is said in China that dominance is necessary for stability. Recent economic reforms have been turning China into one of the world’s fastest- growing and most prosperous economies.
China is accused of keeping its currency cheap in order to export more and has tensions with Japan over disputed islands.
The presidency of Mao Tse- Tung implemented a ruthless policy, however, this has been changed since his death in 1976, ushering in new reforms and rooting out collective farming and re- allowing private enterprise. Economic reforms have not, however, sparked political reforms, in terms of China still being under an authoritarian regime, with the monopoly on power with the largest political party in the world, the Communist Party. The party strictly controls the people, maintaining a crackdown on any remote signs of opposition.
Today, China is the world’s top exporter and is appealing to the greatest expanses of foreign investment. The global economic crisis in 2009 hit China hardest, but China was still one of the first nations to bounce back and recover fast.
In the beginning of 2011, China formally overhauled Japan becoming the world’s second largest economy, benefitting from foreign markets because it is a member of the World Trade Organization.
Some people in China...

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