China has a calendar year system for handling the monetary affairs of country. Industrial sector of China consists of mining, ore processing, aluminum, petroleum, cement, chemicals, footwear, toys, transportation equipment, locomotives, aircraft, automobiles and rail cars. In terms of industrial output, China stands above all other countries.
China is also leading its way in gross value of agricultural output, commodities like rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton are found in massive range here. Beijing is the capital while Shanghai is the largest city of China. The estimated GDP of China in terms of purchasing power parity (PPP) was $13.37 trillion in the year 2013. Based upon purchasing power parity (PPP), China was at the second spot in terms of largest economy, just behind the United the States of America. In the year 2013, China became the largest exporter of the world only because of its economic reforms and stability. After the late 1970s China has progressed from a barred and centrally planned economic system to more of a market-oriented structure to play central universal role. With estimated population of more than 1.35 billion, it is the most populous nation all across the globe. China, short of Republic of China, is an independent nation located in East Asia.
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