Government
China is a one-party state, with real power lying with the Chinese Communist party. Communist meaning, the government owns everything, like your job, it's for the government. The country is governed under the constitution of 1982 as amended, the fifth constitution since the accession of the Communists in 1949. The unicameral, single, legislature is the National People's Congress (NPC), consisting of deputies who are indirectly elected to terms of five years. The NPC decides on national economic strategy, elects or removes high officeholders, and can change China's constitution; it normally follows the directives of the Communist party's politburo. The executive branch consists of the president, who is head of state, and the premier, who is head of government. The president is elected by the NPC for a five-year term and and is eligible for reelection. The premier is nominated by the president and approved by the NPC. Administratively, the country is divided into 22 provinces, five autonomous regions, and four municipalities. Despite the concentration of power in the Communist party, the central government's control over the provinces and local governments is limited, and they are often able to act with relative punishment in many areas.
Economy
Since the late 1970s China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role. China is a global hub for manufacturing, and is on of the largest manufacturing economy in the world also in 2010 China became the world’s largest exporter. Reforms, or changes, began with the phasing out of collectivized agriculture, increased autonomy, the right or condition of self-government, especially in a particular sphere, for state enterprises, growth of the private sector, development of stock markets and a modern banking system, and opening to foreign trade and investment. China has implement reforms at a slow moving pace. In recent years, China has renewed its support for state owned enterprises in sectors considered important to, “economic security,” explicitly looking to foster globally competitive industries.
China's Exports to the U.S.
1. Electronic equipment: $92.6 billion
2. Machines, engines, pumps: $90.9 billion 3. Furniture, lighting, signs: $24.2 billion 4. Knit or crochet clothing: $16.2 billion 5. Clothing (not knit or crochet): $14.3 billion 6. Footwear: $13.9 billion 7. Toys, games: $13.2 billion 8. Plastics: $12.8 billion 9. Vehicles: $12.3 billion 10. Medical, technical equipment: $9.4 billion |
China's GDP
9.14 trillion
U.S. GDP
16.77 trillion
1 Chinese Yuan equals
0.16 US Dollars
0.16 US Dollars