The Sound and Linguistics of the People's Republic of China

Economic Life of China

China is the second world's largest economy according to their statistical GDP of $12.4 trillion US dollars as of the year 2017. It is the fastest growing major economy in the entire world during the year of 2015. The development of their economy is due to their history and their political facts. Having the largest manufacturing industries leads them to success in exporting goods worldwide. Trading plays a big role in their international competition towards other countries. During the late years, they implemented the five-year-plan towards achieving continuous success in their economic development. On the other hand, last year (2016), they implemented the Thirteen Five-Year Plan (2016-2020) towards more success.China is also the fastest growing consumer market and 2nd largest for the most import goods worldwide. They became a member of World Trade Organization year 2001.