TaiwanTaiwan,tw officially the Republic of China (ROC),tw is a country in East Asia. It is located at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. The territories controlled by the ROC consist of 168 islands with a combined area of . The main island of Taiwan, also known as Formosa, has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its highly urbanized population is concentrated.
World economyThe world economy or global economy is the economy of all humans of the world, referring to the global economic system, which includes all economic activities which are conducted both within and between nations, including production, consumption, economic management, work in general, exchange of financial values and trade of goods and services. In some contexts, the two terms are distinct "international" or "global economy" being measured separately and distinguished from national economies, while the "world economy" is simply an aggregate of the separate countries' measurements.
People's Liberation ArmyThe People's Liberation Army (PLA) is the principal military force of the People's Republic of China and the armed wing of the Chinese Communist Party (CCP). The PLA consists of five service branches: the Ground Force, Navy, Air Force, Rocket Force, and Strategic Support Force. It is under the leadership of the Central Military Commission (CMC) with its chairman as commander-in-chief.
Hong KongHong Kong (US'hQNkQN or UKhQN'kQN; , hœ́ːŋ.kɔ̌ːŋ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and a special administrative region in China. With 7.4 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated territories in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island in 1841–1842.
Informal economyAn informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as troublesome and unmanageable. However, the informal sector provides critical economic opportunities for the poor and has been expanding rapidly since the 1960s. Integrating the informal economy into the formal sector is an important policy challenge.
Mixed economyA mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise. Common to all mixed economies is a combination of free-market principles and principles of socialism. While there is no single definition of a mixed economy, one definition is about a mixture of markets with state interventionism, referring specifically to a capitalist market economy with strong regulatory oversight and extensive interventions into markets.
Market economyA market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
Economic globalizationEconomic globalization is one of the three main dimensions of globalization commonly found in academic literature, with the two others being political globalization and cultural globalization, as well as the general term of globalization. Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital.
Proto-globalizationProto-globalization or early modern globalization is a period of the history of globalization roughly spanning the years between 1600 and 1800, following the period of archaic globalization. First introduced by historians A. G. Hopkins and Christopher Bayly, the term describes the phase of increasing trade links and cultural exchange that characterized the period immediately preceding the advent of so-called "modern globalization" in the 19th century.
Planned economyA planned economy is a type of economic system where the distribution of goods and services or the investment, production and the allocation of capital goods takes place according to economic plans that are either economy-wide or limited to a category of goods and services. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed.
History of ChinaThe history of China spans several millennia across a wide geographical area. The notion of "China" can be understood under many diverse historiographical, cultural, geographic, and political lenses, and has evolved tremendously over time. Each region now understood to be part of the Chinese world has alternated between many periods of unity, fracture, prosperity, and hardship. Classical Chinese civilization first emerged in the Yellow River valley, which along with the Yangtze and Pearl valleys now constitute the geographic core of China and have for the majority of its imperial history.
Chinese peopleThe Chinese people, or simply Chinese, are people or ethnic groups identified with China, usually through ethnicity, nationality, citizenship, or other affiliation. Chinese people are known as Zhongguoren () or as Huaren () by speakers of standard Chinese, including those living in Greater China as well as overseas Chinese. Although both terms both refer to Chinese people, their usage depends on the person and context. The former term is commonly (but not exclusively) used to refer to the citizens of the People's Republic of China—especially mainland China.
