Interesting Facts About China
China, the new emerging power has been the oldest continuous civilization on Earth, for the last 4000 years. Chinese flag is red which represents the blood spilled during the communist revolution. On the flag there is one large star, representing leadership, and four small stars which represent four social classes: capitalists, bourgeoisie, workers and peasants all united under one Communist Party.
China is the largest producer in the world of Bibles. A single factory in Nanjing prints about one million Bibles per month.
On Sundays in China more people are attending Church than all of Europe.
China is a heavy user of the c-section. About half of the babies born annually are born via c-section.
Guns N’ Roses frontman Axl Rose ended up as the recipient of blame when it took almost 15 years to release the album Chinese Democracy. Rose was embattled by lawsuits and various pressures and eventually released the album with a revised lineup that did not include Slash.
Some of the China’s inventions: gunpowder, paper, printing, compass, porcelain, first paper currency, animal zodiac, cast iron, chopsticks, crossbow, toilet paper, collapsible umbrella, fork and many other cool inventions. Interesting fact about China is that in last three years growth of China’s economy was around 10% per year making China the country with largest world economy. The funny fact is that China was in dispute with WTO (World Trade Organization) because of the extremely low taxes on their exports. However, United States was in the dispute with WTO because of the high taxes on U.S. imports. “We are committed to challenging China’s WTO-inconsistent practices that harm American workers and businesses,” said U.S. Trade Representative Susan Schwab.
In 2018 China is among the top economies in the world and currently embroiled in a Trade War with the United States. However, it is difficult to determine exactly the size of China’s economy because over the years so many of the statistics have been flawed and/or inaccurate. Since 1990, according to China’s statistics, the number of people living in poverty has plummeted from 85% of the population to less than 15% of the population.
More information on the Trade War is available here.
"Trump is strangling the Chinese economy" – Alibaba alone records $30.8 BILLION sales in 24 hours on singles’ day. Amazon recorded a paltry $4 bil in prime day over 36 hrs. Not counting retail and JD.com, Alibaba alone sold nearly 3 times Black friday + Cyber Monday in US. from Sino
"Offering substantial tax cuts for individual taxpayers through a higher tax-free threshold and more tax-deductible expenses, the revised regulation and law are expected to help boost domestic spending and consumer confidence at a time when the Chinese economy faces increasing downward pressure" from ChairmanMao
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