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'''China''' is the world's largest country by population, with a growing economy. With thousands of years of continuous traditions, in three decades it has dramatically changed itself from a poor backward nation to a world power, and is one of the world's top economies. It has emerged as a major regional power in East Asia, averaging over 9% economic growth per year since 1978 when it introduced a market-based economic system with some elements of capitalism, to replace its old socialism. Foreign businesses have flocked to invest in China, Americans and others rush to buy its cheap factory output, Chinese exports flooded the world. It has vast reserves of dollar holdings. China is modernizing its military, has joined numerous regional and international institutions, and plays an increasingly visible role in international politics. However, the paper statistics of China's growth hide the fact that it may have a weaker economy than it admits, as seen in the many "ghost towns", among other factors.<ref>Fong, Dominique (June 15, 2018). [https://www.wsj.com/articles/chinas-ghost-towns-haunt-its-economy-1529076819 China’s Ghost Towns Haunt Its Economy]. ''The Wall Street Journal''. Retrieved June 15, 2018.</ref>
'''China''' is the world's largest country by population, with a growing economy. With thousands of years of continuous traditions, in three decades it has dramatically changed itself from a poor backward nation to a world power, and is one of the world's top economies. It has emerged as a major regional power in East Asia, averaging over 9% economic growth per year since 1978 when it introduced a market-based economic system with some elements of capitalism, to replace its old socialism. Foreign businesses have flocked to invest in China, Americans and others rush to buy its cheap factory output, Chinese exports flooded the world. It has vast reserves of dollar holdings. China is modernizing its military, has joined numerous regional and international institutions, and plays an increasingly visible role in international politics. However, the paper statistics of China's growth hide the fact that it may have a weaker economy than it admits, as seen in the many "ghost towns", among other factors.<ref>Fong, Dominique (June 15, 2018). [https://www.wsj.com/articles/chinas-ghost-towns-haunt-its-economy-1529076819 China’s Ghost Towns Haunt Its Economy]. ''The Wall Street Journal''. Retrieved June 15, 2018.</ref>