- A India
- B China
- C Japan
- D South Korea
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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
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