China

Ancient China was one of the oldest and longest lasting civilizations in the history of the world. The history of Ancient China can be traced back over 4,000 years. Located on the eastern part of the continent of Asia, today it is the most populous country in the world.

Development of China as a single integrated country starts under emperor Qin Shi Huang Di (221 BC), who united seven Chinese kingdoms and conquered many adjacent territories.

Since the founding of the People’s Republic of China in 1949, The nation has entered a Communist era of stability, with the Reform and Opening Up policy of 1978 bringing in its phenomenal economic growth.

China is also second only to the United States in venture capital activity and is home to a large number of unicorn startup companies. China is a member of the WTO and is the world’s largest trading power. The country ranks 17th in the world in Global Innovation Index, not too far from the US.

Tourism is a major contributor to the economy. In 2017, this sector contributed about CNY 8.77 trillion (US$1.35 trillion), 11.04% of the GDP, and contributed direct and indirect employment of up to 28.25 million people