China is the
world’s third largest country, dominating the map of eastern Asia. China is the
world's largest producer and consumer of agricultural products & is the
world's largest producer of rice. China has also become the world's third
largest automotive vehicle manufacturer. China is the world's largest
automobile producer, manufacturing more than 27 million vehicles in 2018. China
is the leader in electric vehicles, manufacturing and buying half of all the
plug-in electric cars in the world. China has the largest telecom market in the
world with largest number of internet and broadband users.
had a remarkable period of rapid growth shifting from a centrally planned to a
market based economy. Today, China is an upper middle-income country that has
complex development needs.
population of 1.3 billion, China is the world’s second largest economy and the
largest if measured in purchasing price parity terms.
Trade war is affecting both the countries. It is indicated that China economy
will slow down and Chinese Currency will be volatile against dollar in current
well on its way to becoming the world’s leading economy.