CHINA

The People's Republic of China (PRC), established in 1949, commonly known as China, has control over mainland China and the largely self-governing territories of Hong Kong (since 1997) and Macau (since 1999).China is one of the world's oldest continuous civilizations. In the 19th and 20th century, imperialism, wars and civil wars have damaged the country and its economy. In the 1950s, change to economic policies in the Republic of China (Taiwan) transformed the island into a technology-oriented industrialized developed economy. It became known as one of the Four Asian Tigers along with Hong Kong, South Korea and Singapore. In mainland China, in the 1970s, reforms known as the Four Modernizations modernized the agriculture, industry, technology and defense, eventually making the PRC one of the major powers. China is viewed as the source of many major inventions.It has also one of the world's oldest written language systems.