QWhich country is considered as the largest Economy in Asia?
Question Info
Choose the Best Option
Click any option to instantly check if you're correct.
Explanation
Since the introduction of economic reforms in 1978, China has become one of the world's fastest-growing major economies. As of 2016, it is the world's second-largest economy by nominal GDP and largest by purchasing power parity (PPP). China is also the world's largest exporter and second-largest importer of goods. China is a recognized nuclear weapons state and has the world's largest standing army and the second-largest defense budget. The PRC is a member of the United Nations, as it replaced the ROC as a permanent member of the U.N. Security Council in 1971. China is also a member of numerous formal and informal multilateral organizations, including the WTO, APEC, BRICS, the Shanghai Cooperation Organization (SCO), the BCIM and the G-20.
China considered as the largest Economy in Asia
Share This Question
Challenge a friend or share with your study group.