Economy of China

Introduction

China is the world’s third largest economy with a nominal GDP of US$4.4 trillion. Combined with that is the fact that it has the world’s largest population thus making it one of the most influential economies of the world.In the past 30 years it has been the fastest growing large economy in the world and simultaneously existing-successfully-as a socialist republic nation.

It comes as no surprise that every step taken by India is closely monitored by china and vice versa because both nations are poised to be the next big superpowers though this is a contentious subject.

India and china were the only two countries that….