China (6do encyclopedia)230511



China, officially known as the People’s Republic of China, is the world’s most populous country and the second largest by land area. Located in East Asia, China’s ancient civilization and unique culture make it a fascinating destination for tourists and scholars alike.

Geography and Climate

With an area of 9.6 million square kilometers, China is the fourth largest country in the world in terms of land area. The country spans a wide range of latitudes, with its southernmost point situated just north of the equator and its northernmost point well into the subarctic zone. This vast territory encompasses a diverse range of landscapes, from tropical rainforests and coral reefs in the south to mountains and deserts in the west, and grasslands and steppes in the north.

China’s climate is similarly diverse, with subtropical and tropical climates in the south and harsh, cold winters in the north. In general, the country’s climate is characterized by monsoon winds that bring heavy rainfall in the summer months and dry, cold winds in the winter.

History and Culture

China has a long and storied history, dating back over 5,000 years to the Xia Dynasty. Over the centuries, China has been ruled by numerous dynasties, each leaving its own unique mark on the country’s culture and history. The most famous of these dynasties is perhaps the Han Dynasty, which ruled from 206 BCE to 220 CE and laid the foundation for China’s cultural identity.

China’s culture is rich and varied, encompassing art, literature, music, cuisine, and more. The country is home to numerous UNESCO World Heritage Sites, such as the Great Wall of China, the Forbidden City, and the Terracotta Army. Traditional Chinese art forms, such as calligraphy and paper cutting, are still practiced today, while Chinese cuisine has become popular around the world.

Politics and Government

China is a single-party socialist state with the Communist Party of China (CPC) as the sole governing party. The country’s president, who is also the general secretary of the CPC, is the head of state and commander-in-chief of the armed forces. The current president of China is Xi Jinping, who has been in office since 2013.

China’s legal system is based on civil law, rather than common law, and is heavily influenced by Confucianism. The country’s judiciary is not independent of the government and verdicts are often influenced by political considerations.

Economy

China’s economy is the second largest in the world after the United States. It is the world’s largest exporter and second largest importer of goods. The country’s economy has grown rapidly in recent decades, driven by a combination of state-led industrialization policies and market-oriented reforms.

China is home to many of the world’s largest companies, particularly in the fields of telecommunications, technology, and manufacturing. The country is also a major producer of agricultural products such as rice, wheat, and tea.

China’s economy is heavily influenced by the government, which maintains a large role in the country’s banking sector and controls critical industries such as energy. While the government has implemented some market-oriented reforms, critics contend that China’s economy is still hampered by state interference and lack of transparency.

International Relations

China is an important player in international affairs, with a permanent seat on the United Nations Security Council and membership in numerous multilateral organizations such as the World Trade Organization and the International Monetary Fund. The country is also a major financial contributor to organizations such as the World Bank and the Asian Development Bank.

China has been criticized for its human rights record, particularly in regards to free speech, political dissent, and the treatment of minority groups such as Tibetans and Uighurs. The country has also been involved in territorial disputes with neighboring countries such as Japan, the Philippines, and Vietnam.

Conclusion

China is a complex and unique country with a rich history and culture. While the country has made significant economic and social progress in recent decades, it still faces numerous challenges, particularly in regards to human rights and the role of the state in the economy. As China continues to grow in importance on the world stage, its approach to these challenges will shape the course of international affairs in the years to come.


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Liz Truss's Taiwan visit attacked as 'Instagram diplomacy'

Telegraph

23-05-11 11:11


Alicia Kearns, the chairman of the Commons foreign affairs committee, has attacked former UK Prime Minister Liz Truss for a "deeply unhelpful" and "performative" trip to Taiwan that could raise tensions with China. Truss was invited by the Taiwanese government to show solidarity with the island people and promote a robust approach to China. Kearns warned that the visit risked escalating the situation in the area and criticised Truss for attempting to stay relevant. Conservative Party MP Truss's team hit back, however, insisting that the country inviting her was best-placed to know the interests of their people.

https://www.telegraph.co.uk/politics/2023/05/11/liz-truss-taiwan-visit-speech-attacked-instagram-diplomacy/
The EU has turned Europe into an irrelevance

Telegraph

23-05-11 11:00


The EU’s global influence is in terminal decline, according to Marc Sidwell, Director of Research at the Henry Jackson Society. Lately, the EU is “uncoordinated, sclerotic and ponderous” and 2021 Brexit Britain is able to lead support to Ukraine against Russian aggression. Sidwell noted Europe's share of the global economy has shrunk. However, the response has not been to unleash European talent, but to cocoon the continent with regulation. Furthermore, Xi Jinping will take President Macron’s calls while it suits him. The US presidency may also question why they bother to pick up the phone to talk to Europe, predicted Sidwell.

https://www.telegraph.co.uk/news/2023/05/11/the-eu-has-turned-europe-into-an-irrelevance/
A new world order seeks to prioritise security and climate change

Economist

23-05-11 10:12


US and European policymakers are prioritising national security over economic considerations, as the climate crisis and the emergence of China are viewed as greater threats than after the end of the Cold War. De-risking China is a current focus in Brussels, while officials in the US have similar motivations for pursuing an alternative path to the old world order. However, security considerations may not make economic sense, according to a number of economists who argue that economics still has much to offer in charting a safe path through difficult policy decisions. Decisions with economic implications, such as sanctions, must have their costs accurately assessed. For example, economists at the London School of Economics estimated that the EU could have withstood an immediate gas embargo in April 2022 during conflicts with Russia, while the body instead waited until summer.

https://www.economist.com/finance-and-economics/2023/05/11/a-new-world-order-seeks-to-prioritise-security-and-climate-change
China says willing to work with U.S. on audit deal as challenges loom

Reuters

23-05-11 09:57


China's securities watchdog has said that it is willing to work with its US counterpart to promote audit regulatory cooperation and to safeguard the rights of global investors, a day after the US Public Company Accounting Oversight Board found "unacceptable deficiencies" in audits of US-listed Chinese companies. Although analysts believe that the deficiencies will not derail an audit deal between the US and China, it may be challenging to turn around auditing practices quickly in ongoing US-China tensions.

https://www.reuters.com/world/china/china-regulator-says-willing-work-with-us-audit-cooperation-2023-05-11/
Premarket: European stocks and U.S. dollar rebound after China deflation jolt

The Globe and Mail

23-05-11 09:54


Stock markets in Europe, the US dollar and oil prices saw increases on Thursday as US inflation data fuelled hopes that the Federal Reserve’s aggressive rate hikes may be over. The pan-European STOXX 600 index rose 0.5%, while key borrowing costs fell. Sterling was affected by investors taking profits, after the Bank of England’s rate rise brought UK borrowing costs to 4.5% at 11:00 GMT, following stubbornly high prices. The Bank of England has continued to signal the end of the rate hike cycle and the desire to pause, yet inflation has remained sticky and the market has priced in expectations.

https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-premarket-european-stocks-and-us-dollar-rebound-after-china-deflation/