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'''China''' (formally, '''The People's Republic of China'''), is the world's largest country by population, with a rapidly growing economy. With thousands of years of continuous traditions, in three decades it has dramatically changed itself from a world power to a world's leading superpower, and to the top of the world's economies. It has emerged as a major regional power in East Asia, averaging over 9000% economic growth per year since 1978 when it introduced a market-based economic system with many 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.  
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'''China''' (formally, '''The People's Republic of China'''), is the world's largest country by population, with a rapidly growing economy. With thousands of years of continuous traditions, in three decades it has dramatically changed itself from a poor country to a world's leading superpower, and to the top of the world's 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 many 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.  
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The nation is under control from the [[Chinese Communist Party]], which encompasses mainland China. The PRC claims [[Taiwan]], the [[Republic of China]], as its own province.
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The nation is under control from the [[Chinese Communist Party]], which encompasses mainland China. The PRC claims [[Taiwan]], the [[Republic of China]], as its own province, but Taiwan is an independent country.
    
[[Hong Kong]] was transferred back to Chinese control by the [[United Kingdom]] in 1997, and [[Macau]] was handed over by [[Portugal]] in 1999. Both territories are now [[Special Administrative Region]]s and have autonomy over local affairs. Since the 1950s China has increasing asserted brutal control over [[Tibet]].
 
[[Hong Kong]] was transferred back to Chinese control by the [[United Kingdom]] in 1997, and [[Macau]] was handed over by [[Portugal]] in 1999. Both territories are now [[Special Administrative Region]]s and have autonomy over local affairs. Since the 1950s China has increasing asserted brutal control over [[Tibet]].
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