Golden
China

China

State in east Asia

China has influenced the course of international development for thousands of years. With more than 1.35 billion people, China accounts for roughly 20 percent of the total world population. After decades of rapid economic growth, China overtook Japan to become the world's second largest economy in 2010.



China's international expansion, growing domestic market, raw material requirements, role as the world's factory, and related environmental issues have far-reaching implications for people and development around the world.



China stands at the head of the economic class of the original BRIC countries, which also include Brazil, Russia and India. After sustaining decades of annual GDP growth exceeding 10 percent, China overtook Japan in 2010 to become the world's second largest economy behind the U.S.



China's rapid economic growth and development is accompanied by the dramatic rise and growth of so-called mega-cities. People across China and other developing countries flock to cities in search of greater opportunity and higher living standards. The fruits of their labors and the economic advantages of cities' financial, human and social capital help fuel development and urbanization.



China's history is the world's history in many respects. With nearly 4,000 years of continuous history and culture, China is one of the world's oldest civilizations. China has been the world's greatest power for all but several hundred of the last two thousand years. Ancient China is credited with four of the world's great inventions: paper, printing, gunpowder and the compass.

Timeline

July 25, 2019

National Geographic announces New Natural History Special 'The Hidden Kingdoms of China'

Nat Geo and Nat Geo WILD announced today the new two-hour wildlife special The Hidden Kingdoms of China, which premieres this winter in 172 countries and 43 languages.

July 10, 2019

Mission Bio launches in China and announces distribution partnership with Novogene. 

Mission Bio, the pioneer in targeted single-cell DNA analysis and precision genomics, today announced that it has launched sales in China through a distribution agreement with Novogene, a leading provider of genomic services and solutions globally.

May 10, 2019

China plans tariff hikes on $60 billion of U.S. imports after the Trump administration raised tariffs on $200 billion in Chinese imports from 10% to 25%.

May 6, 2019

China's central bank announces it will cut the reserve requirement ratio (RRR) for small- and medium-sized banks, freeing up around RMB 280 billion (around $41.4 billion) for loans to the country's startup companies and private businesses.

May 5, 2019

President Trump on Sunday threatened to increase tariffs on $200 billion in Chinese goods on Friday and impose levies on hundreds of billions of dollars of additional imports.

December 30, 2018

China launches The Chang'e-4 from Xichang.

December 27, 2018

China reaches far side of the moon, landing a vehicle at 10:26 a.m. Beijing time at its target for the first time in history. 

November 2018

Authorities present artist Ai Weiwei with $2.3m tax demand, which is paid by donations from his supporters.

2018

China's online home improvement market reaches RMB 418.54 billion, a 34.9% year-on-year increase.

2018

China announces it will impose 25% trade tariffs on a list of 106 US goods, including soybeans, cars, and orange juice, in retaliation for similar US tariffs on about 1,300 Chinese products.

September 15, 2016

China launches Tiangong-2 on September 15, 2016, after Tiangong-1, its first manned space lab. 

2015

People's Bank of China announces it would continue to push for full convertibility of the renminbi, after the currency was accepted as part of the IMF's special drawing rights basket.

2011

China formally overtakes Japan to become the world's second-largest economy after Tokyo published figures showing a Japanese GDP rise of only four per cent in 2010.

June 2010

From mid-2005 to late 2008, the renminbi (RMB) appreciated more than 20% against the US dollar, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing announced it would resume a gradual appreciation.

February 2009

Russia and China sign $25bn deal to supply China with oil for next 20 years in exchange for loans.

November 2008

The government announces a $586bn (£370bn) stimulus package to avoid the economy slowing.

2007

China launches its first moon orbiter.

2004

Amazon brings its way into China in 2004 with a takeover of Joyo.com, a popular online seller of books, for about $75 million.

June 2001

Leaders of China, Russia and four Central Asian states launch the Shanghai Cooperation Organisation (SCO) and sign an agreement to fight ethnic and religious militancy while promoting trade and investment.

1979

Communist Party leadership announces plans to relax one-child policy, in force since 1979.

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