China

Goverment

All power within the government of the People's Republic of China is divided among several bodies:the legislative branch, the National People's Congress.the executive branch, the State Councilthe judicial branch, the Supreme People's Court and the Supreme People's Procuratoratethe military branch, People's Liberation Army (PLA) via the Central Military CommissionThis article is concerned with the formal administrative structure of the state, its branches, departments and their responsibilities. Most, but not all, positions of significant power in the state structure and in the military are occupied by members of the Communist Party of China which is controlled by the Politburo Standing Committee of the Communist Party of China, a group of 4 to 9 people, usually all older men, who make all decisions of national significance. As the role of the military is to enforce these decisions, the support of the PLA is important in maintaining Party rule. 

 

Economy 

China is the world's second largest economy by nominal GDP and by purchasing power parity after the United States. It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years.China is also the largest exporter and second largest importer of goods in the world. China is the largest manufacturing economy in the world, outpacing its world rival in this category, the service-driven economy of the United States of America. ASEAN–China Free Trade Area came into effect on 1 January 2010. China-Switzerland FTA  is China's first FTA with a major European economy, while China–Pakistan Free Trade Agreement came in effect in 2007 is the first FTA signed with a South Asian state. The economy of China is the fastest growing consumer market in the world.