China

The People's Republic of China is the most extensive country in East Asia and the third or fourth most extensive country in the world. With a population of over 1,300,000,000, it is the most populous country in the world.

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 dispute over the political status of Taiwan. The CPC's rival during the Chinese Civil War, the Kuomintang (KMT), fled to Taiwan and surrounding islands after its 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, and large research and development investments, China is considered an "emerging superpower". It has the world's third largest economy (second largest in terms of 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 brought the poverty rate down from 53% in 1981 to 8% by 2001.[9] 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. Counting all products, China is the third largest importer and the second largest exporter in the world.

Asian Markets Drop Amid China-Japan Dispute

Most of the Asian markets dropped Tuesday as investor confidence was weighed down by the intensifying tensions between China and Japan and the increasing concerns over the euro zone debt crisis.

Asian Shares Slip After Fed-Inspired Rally

Asian shares retreated from four-month highs Tuesday as markets paused from last week's rallies, calculating the impact on growth from the Federal Reserve's aggressive stimulus and eyeing whether Spain will request a bailout to ease its fiscal strains.

Panetta's Visit To Asia Unlikely To Assuage Sino-Japanese Nationalist Anger

Tangible results to alleviating China's rising temper against Japan seem nowhere to be found. U.S. officials are urging for calm and peace, but the reality on the streets is that Chinese anger and frustrations are dealing increasing damage and violence to businesses carrying Japanese branded products. Meanwhile, a massive Chinese fishing fleet is soon expected to arrive in the waters off the Senkaku/Diaoyu Islands, worsening the prospects of a swift resolution.

Copper Prices Slip But Remain Near 4 1/2-Month High

London copper slipped on Monday, but still retained most of the previous session's steep climb to a 4-1/2 month top as a new round of U.S. monetary stimulus measures and a weak dollar continued to support prices.

Senkaku Islands Dispute May Hurt Japan?s Recovering Tourism Industry

When China and the Philippines sparred over the disputed Scarborough Shoal (known as Huangyan Island in China) this past May, the People?s Republic canceled all outbound travel to the Philippines, dealing a direct blow to an industry vital to the nation?s economy. Substitute Japan for the Philippines and Senkaku Islands (known as Diaoyu Islands in China) for Scarborough Shoal, and you?ve got the same thing happening this September.

Asian Stocks End Mixed; Shanghai Tumbles 2.14%

Asian stock markets ended mixed Monday after they rallied to a four-month high in the previous session following the U.S. Federal Reserve's move to boost growth in the world's largest economy with a third round of bond purchases.

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