China
China is an Asian country officially known as the People's Republic of China, the largest country in Asia in terms of population density. Its geographic coverage covers the whole of East Asia. China has 33 administrative regions run by the Chinese government, It has a group of autonomous regions, namely Hong Kong, Macao, and Taiwan. Beijing is the political and official capital of China, which houses government headquarters and all public institutions. Shanghai is also the industrial city of the Republic of China.
The currency of China
the yuan (the yuan) is the official currency of the People's Republic of China, which is popularly known as the Renminbi; the monetary unit of the Chinese currency. The yuan currency contributed to maintaining the balance of the Chinese economy so that it could compete in international markets with strong international economies in various investment and industrial sectors. Historically, the yuan has been associated with the US dollar, which has contributed to the preservation of the value of the currency, especially in the currency market; the yuan is equivalent to 6.25 per dollar.
In 2015, the Chinese government adjusted its fiscal policy, which helped the yuan to cope with economic fluctuations, especially in the foreign exchange market. The Chinese Central Bank, or the People's Bank of China, is the bank responsible for issuing the yuan, And to cover the financial needs through the use of bonds that rely on foreign exchange reserves; to cover any deficit may face the exchange of the yuan later, and increased rates on currencies to counter the decline in the growth of the economy For a Chinese directly linked to the yuan currency.
The history of China
In about 4000 BC the Chinese people used bronze metal, and then used iron to manufacture many tools before they discovered the pottery industry. As time went on, agriculture became one of the most important natural resources that contributed to the Chinese economy. To strengthen its trade relations with countries; as its trade reached the coast of the Mediterranean, and China has contributed to support many types of industries, especially spinning and weaving, which moved to many countries.
In the 19th and 20th centuries, China witnessed many changes, both in the political and economic spheres, which also affected its social life. At the beginning of the 19th century, the Chinese economy continued to develop, until the Chinese government adopted the closed economy policy. To the suspension of foreign trade between China and other countries, resulting in a decline in China's economy.
In 1840, British forces attacked Chinese territory. A war broke out between China and Britain, known as the "Opium War", which led to the occupation of Hongjong. The colonial influence extended to China in order to interfere in its internal affairs. In an unequal way to strengthen control of the Chinese economy, and this led to a popular revolution, and ended the imperial rule of China in 1911.
In 1912, the Republic was officially proclaimed in China, resulting in an evolution in political life. Many of the parties that contributed to China's public life were established, and strategic plans for the development of agriculture and industry were developed. Achieved many important achievements in the middle of the twentieth century AD, specifically between 1953-1957, which led to the classification of China as one of the strongest economic countries in the world.
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