Since the 1949 when the Chinese communist party came
in to the power and changes his name to people republic of china. Since then
Chinese government is on the way of progress. Under the revolutionary leader
ship of Mao the china become self reliance countries in all field at that time
the china was in isolation form the world out side. After the death of Mao the
new leader ship had made radical decision and he took the china from the
communist economy towards the mix economy and allow the foreign investor to
come and invest in china and since then china is the world fastest growing
economy and in no time it become world second largest economy and has the world
largest army in the world with over two million man power.
China has world largest reserve in the world and it
is expected by the 2015 the china will be the largest economy of the world. All
of these fact shows that china is not on the way of supper power but he is a
super power. There is no one in the world who can in near future compete with
china. China still progressing at the over 7 % every year when the world
economy is in the mixed state.
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