The Chinese celebrate their Independence Day on the 1st of October every year, marking the foundation of the People’s Republic of China. The Central People’s Government passed the Resolution on the National Day of the People’s Republic of China on December 2, 1949 and declared October 1 as the National Day or Independence Day of China. China is a cultural state and ancient civilization in East Asia. China is also the biggest populated country of the world. China carries 20% of world population.
Only one political party can rule in China which is Communist party of China. There are other political parties in China as well but they can’t take part in governance. China political system is pretty much mature, people of china are ok with there leadership, which also show the stability of China. In China 94% of population is living in Eastern China which is very much developed and 6% are living in rest of China. Western China which falls Tibet and neighbor states in it leaded by Dalai Lama want to seek freedom from china as there area is not much developed, not proper government infrastructure is present in that area. That can be the reason behind the construction of CPEC. That part of china is full of mountains due to which government is not able to make her writ in western China as she has to.
As we know China has a big population. China GDP per capita is 8,123.18 USD, which also mean China is an economic super power of this world. China’s currency has spiked to its strongest level against the dollar since the aftermath of President Trump’s election in November. The yuan jumped as much as 0.5% against the greenback on June 1, 2017, bringing its gains in the past four trading sessions to 1.2%. A stronger yuan had pleased Trump, who was frequently accusing China during his campaign of devaluing its currency to get an unfair advantage in trade. But currency traders say that the yuan’s recent surge is most likely about Beijing proving a point to some of its other critics. This negative news of the Moody’s downgrade was awkwardly timed for Beijing, which was trying to attract overseas money into its domestic bond market.”They’re trying to make the currency stronger and more stable to attract foreign investors,” said Stephen Innes, a Singapore-based trader at online broker Oanda. We clearly noticing
Chinese officials were enraged by a downgrade credit rating agency Moody’s, which warned about China’s rising debt levels and slowing growth. Jason Daw, a currency strategist at Societe Generale, wrote in a research note that “There is a possibility that the authorities want to squash any worries” about China’s debt burden after the Moody’s announcement. The negative news of the Moody’s downgrade was awkwardly timed for Beijing, which was trying to attract overseas money into its domestic bond market. “They’re trying to make the currency stronger and more stable to attract foreign investors,” said Stephen Innes, a Singapore-based trader at online broker Oanda.
The yuan’s sudden growth is prompting some analysts to reconsider their predictions of what it will do next.Economists at Capital Economics said “they no longer expect the yuan to decline against the dollar this year”.But Societe Generale’s Daw said that with China’s economic growth likely to have peaked, it’s “just a matter of time” until Beijing needs to go back to steering the yuan lower against the currencies of its key trading partners.
All of it in economy concern shows American intentions against China’s economic empire. How Moody’s analysing the China economy is like China standing over North pole but the reality lies in South Pole. America is trying to put every pressure posible on China to stop it’s economic growth. We all know very well that China is surrounded by many countries and also having much trouble with some of them. In South China Sea there are many American satellite states which won’t let China to work properly. China and America are openly working against each other in every region, as china set a great lost to America in her field of economy, now America trying to set a great example out of China. Reality remains that America is not a super power like she was in mid 90’s. American economy always depend upon the War, which America impose on others.
America’s policy always remain to invade a country, then destroy it completly, capture all the resourse and send it back to United States. But after getting in a war against Afghanistan, just to keep an aye on Iran, China and Pakistan, America lost her major economy power. America is also in Afghanistan for the 130 trillian dollar reserve weather they are in the shape of Uranium. We gonna discuss that in Part 2 of our series but now a day, Saudis are giving them a bunch of Oxygen economically. On the other hand China didn’t get in war with anyone openly and always tried to build her best economical relationship with other countries.
To engage China economically America always tried and still trying to maintain instability in South China Sea with the help of regional players. To counter that China is building and investing with different countries to make different economy corridors. China is now in a partnership with many countries for the project of One Belt One Road. China gives the most importance to CPEC, China Pakistan Economic Corridor by which China will enhance the Gawadar port. Gawadar will be world deepest port, any kind of heavy cargo ship can stop here. After working of Gawadar port, China will be able to fertile her west side economically. It will help china to improve her law and order more in the side of it’s Westren China.
Next Sunday it’s “Pakistan”