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Part I Northern Asia, 3 People’s Republic of China »

Arthur Ma, Benjamin Miao, Helen Shi
From: Asia Arbitration Handbook
Edited By: Michael Moser, John Choong
3.01 China has a political framework of a single-party socialist republic. The leadership of the Communist Party of China is stated in the Constitution, with state power exercised through the Communist Party of China, the central people’s government, and their local counterparts. Although China has a centralized political system, certain autonomous regions and provinces, such as Guangdong and Zhejiang Provinces, enjoy substantial autonomy, especially in economic policies. 3.02 China is the world’s second largest economy after the United States in terms of both...