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China – Important Facts

China, officially the People’s Republic of China (PRC), is a sovereign state in East Asia. With a population of over 1.381 billion, it is the world’s most populous state. The state is governed by the Communist Party of China based in the capital of Beijing. It exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities, two mostly self-governing special administrative regions are Hong Kong and Macau, and claims sovereignty over Taiwan. China is a great power and a major regional power within Asia, and has been characterized as a potential superpower.

According to China’s Ministry of Commerce (MOFCOM), foreign direct investment in China last year rose 6.4 percent to 781.3 billion yuan (US$126.2 billion) compared to 2014’s increase of just 1.7 percent. Foreign investors set up 26,575 new enterprises on the Chinese mainland in 2015, 11.8 percent more than the year before, taking the number of foreign-invested firms to 836,404 by the end of the year with a total investment of US$1.64 trillion. Foreign capital channelled into the service sector rose 17.3 percent to US$77.2 billion, leading FDI growth and making up 61.1 percent of the total.

China is a member of the Asia-Pacific Economic Cooperation (APEC) and the Asia-Pacific Trade Agreement (APTA).

Facts: People’s Republic of China Capital: Beijing, Population: 1.35 billion, Area: 9.6 million sq km (3.7 million sq miles), Major language: Mandarin Chinese, Major religions: Buddhism – Christianity – Islam and Taoism, Life expectancy: 72 years (men) and 76 years (women), Currency: Renminbi (yuan).

Important Details

  • Country ISO3:CHN
  • Country Code:156
  • Income Group:East Asia & Pacific
  • Lending Category:Upper middle income
  • Region:IBRD
  • Currency Unit:Yuan/Renminbi
  • WTO Member:YES
  • Trade organisations:WTO, APEC, G-20 and others
  • world rank:144
  • Regional Ranking:31st in the Asia–Pacific Region