China (6do encyclopedia)230510



China, officially known as the People’s Republic of China, is a country located in East Asia. With a land area of over 9.6 million square kilometers, it is the third largest country in the world by area, bordered by fourteen other nations. As of 2021, the country has a population of over 1.4 billion people, making it the most populous country in the world.

History

China has a rich and complex history dating back thousands of years. The earliest known written records of China date back to the Shang Dynasty in the 16th century BCE. Over time, various dynasties ruled China, including the Qin, Han, Tang, and Ming dynasties. These dynasties oversaw cultural, scientific, and artistic achievements that have had a lasting impact on the world.

In more recent history, China underwent a significant shift in political ideology with the establishment of the People’s Republic of China in 1949, led by the Communist Party of China (CPC) under the leadership of Mao Zedong. The country underwent a series of economic and social reforms in the late 20th century, leading to a rapid modernization and an impressive economic growth rate.

Geography

China has a diverse landscape, ranging from high mountain ranges, including the Himalayas, to vast deserts and grasslands, such as the Gobi Desert and Inner Mongolia. The country is also home to numerous rivers, including the Yangtze River, which is the longest river in Asia and the third longest in the world.

As one of the largest countries in the world, China shares borders with numerous other nations, including Russia, Mongolia, Kazakhstan, Kyrgyzstan, Uzbekistan, Afghanistan, Pakistan, India, Nepal, Bhutan, Myanmar, Laos, and Vietnam.

Politics

China is a one-party socialist republic, with the Communist Party of China being the only legal political party. The country is ruled by the incumbent General Secretary of the Communist Party of China, who serves as both the head of the party and the President of the People’s Republic of China.

Under the Chinese constitution, the National People’s Congress (NPC) is the highest organ of power in China, responsible for the most important decisions regarding the country’s affairs. The NPC’s Standing Committee is responsible for carrying out its functions, including appointing key officials and approving changes to China’s laws.

Economy

China has the world’s largest economy by purchasing power parity, with a GDP of over $14 trillion as of 2019. The country is considered a global economic powerhouse, with exports accounting for a significant portion of its GDP. China has a mixed economy, with both state-owned and privately owned enterprises coexisting in the economy. In recent years, the country has shifted towards a market-oriented economic model, with the government adopting various policies regarding trade, investment, and industrialization.

Culture

China has a rich cultural history, which has greatly influenced the world with its art, literature, philosophy, and religion. The country is home to numerous UNESCO World Heritage sites, including the Great Wall of China, the Terracotta Army, and the Forbidden City.

As one of the world’s oldest and most populous nations, China has developed a unique set of traditions and customs, including its cuisine, which is renowned for its variety and flavor. Chinese traditions also include martial arts, calligraphy, painting, and music, which have been passed down through generations.

Conclusion

China is a nation with a rich and complex history, a diverse and beautiful landscape, and a rapidly growing economy. As one of the world’s largest and most powerful nations, it has helped shape the global community over the course of its history. The country’s traditions, culture, and customs continue to inspire people around the world, making China a vital component of the global community.


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KPMG and PwC faulted by US regulator over Chinese audits

Financial Times

23-05-10 17:19


The US’ Public Company Accounting Oversight Board (PCAOB) has identified multiple deficiencies in audits carried out by KPMG and PricewaterhouseCoopers (PwC) in Hong Kong and mainland China. The Chinese arms of the accounting firms were subjected to the first inspections carried out under an agreement with China finalised late last year. Inspectors examined audits carried out by both KPMG Huazhen and PwC. All four audits examined carried out by KPMG Huazhen were problematic. Three out of four PwC audits were also found to be unacceptable. The PCAOB, which is tasked with overseeing auditors of US-listed firms throughout the world, has pledged to expand such examinations in future. A fresh round of inspections will include the audit firms which cover almost all the remaining 60% of US-listed Chinese stocks. KPMG Huazhen and PwC audit around 40% of such shares by market capitalisation.

https://www.ft.com/content/7bdb6f2a-6180-4286-9f83-a214d37a1d2e
High stakes for China in crackdown on foreign business

Financial Times

23-05-10 17:19


The editorial board of the Financial Times has warned that recent crackdowns on US consultancies operating in China could jeopardise economic globalisation as the delivery of basic information on potential acquisitions, Chinese partners or suppliers has become more difficult. China has said that state security services have raided several offices of firms, including Capvision and Bain. The US Chamber of Commerce has warned that Chinese scrutiny of American companies has risen “dramatically” and that visits from “men in black” have increased. China’s clampdown threatens to undo the recent charm offensive of Li Qiang, China’s second-ranked leader. Meanwhile, US and EU relations with China have remained strained. China yesterday said it would retaliate if new EU member state sanctions on eight Chinese companies, including two firms linked to forced labour practices in Xinjiang, were implemented.

https://www.ft.com/content/74e60f98-45f3-4ae2-81e5-0e533d26e449
Ukraine: The Latest podcast - What the British army could learn from Ukrainian forces

Telegraph

23-05-10 17:15


The Ukrainian military’s willingness to innovate more quickly than other armies has been praised by former British soldiers in a daily podcast, Ukraine: The Latest, created by UK broadsheet the Telegraph in response to the 2014 Russian invasion of Ukraine. In the podcast, associate editor for defence Dominic Nicholls compared the cultural differences between British and Ukrainian armies, noting how necessity had enabled the latter to innovate more quickly. Hamish De Bretton-Gordon, a former commander of the UK’s 1st Royal Tank Regiment, praised the fighting spirit of the Ukrainian military but emphasised the importance of sufficient equipment provision.

https://www.telegraph.co.uk/news/2023/05/10/what-the-british-army-could-learn-from-the-ukrainian-forces/
Wednesday evening news briefing: Mirror 'snooped on King and Diana'

Telegraph

23-05-10 17:07


Mirror Group Newspapers is accused of paying £10m to private investigators to spy on the King and Princess Diana, according to documents submitted to the High Court on behalf of Prince Harry. It is alleged that the publications contracted investigative services connected to the Royal family six times to obtain information on the King between May 2000 and October 2002, and seven times to obtain information on Diana between May 1996 and September 1999. The allegations form part of claims against the publisher for hacking phones and other illegal means of gathering information against four people.

https://www.telegraph.co.uk/news/2023/05/10/wednesday-evening-news-briefing-mirror-snooped-on-king-and/
British Spies, Japanese Teens and a German Cop’s Wild Ride

NY Times

23-05-10 16:36


Four foreign shows worth watching have been recommended, including a British thriller on a former Soviet spy starring Damian Lewis and Guy Pearce, a surprisingly low-key German series on Germany’s first black police officer and a new anime following a young girl’s quest to set herself apart at a Tokyo high school. It also includes a Chinese dramedy on a mystical warrior fighting a demon god, which has proved massively popular and marks an excellent example of China's ability to produce highly enjoyable entertainment that combines traditional elements of the costume drama and special-effects-laden fantasy action genres.

https://www.nytimes.com/2023/05/10/arts/television/a-spy-among-friends.html?searchResultPosition=1