Logo

China, the new emerging power has been the oldest continuous civilization on Earth, for the last 4000 years. Chinese flag is red which represents the blood spilled during the communist revolution. On the flag there is one large star, representing leadership, and four small stars which represent four social classes: capitalists, bourgeoisie, workers and peasants all united under one Communist Party. Some of the China’s inventions: gunpowder, paper, printing, compass, porcelain, first paper currency, animal zodiac, cast iron, chopsticks, crossbow, toilet paper, collapsible umbrella, fork and many other cool inventions. Interesting fact about China is that in last three years growth of China’s economy was around 10% per year making China the country with largest world economy. The funny fact is that China was in dispute with WTO (World Trade Organization) because of the extremely low taxes on their exports. However, United States was in the dispute with WTO because of the high taxes on U.S. imports. "We are committed to challenging China's WTO-inconsistent practices that harm American workers and businesses," said U.S. Trade Representative Susan Schwab.