Falling bond yields could stunt bank profits, warns Jim Cramer
Lower long-term rates translate to lower earnings for the banks, which is why they've been coming down so hard, CNBC's Jim Cramer says.
U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday.
“Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why they’ve been coming down so hard.”
Bond yields, or interest rates, move inversely to price. The yields on the benchmark 10-year Treasury note and 30-year Treasury note are both down more than 15 basis points over the past week.
The SPDR S&P Bank ETF has fallen almost 5% over the past five trading days. Shares of Citigroup are down more than $5 and those of JPMorgan Chase are off nearly $7 from where they traded after reporting earnings on Jan. 14.
Fears surrounding the coronavirus, discovered in China and now spreading worldwide, are shaking up global markets. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all dropped as much as 1.89% in Monday’s session, as investors fear that the disease could disrupt international commerce and induce an economic slowdown.
Officials in China have quarantined numerous cities in an attempt to halt the spread of the virus.
“Financial technology companies that rely on volume could be cut, but I’m not as worried about these,” Cramer said. “You’d need a lockdown like they have in China to shut down retail, although I can see plenty of people just staying home and, yes, ordering from Amazon.”
In response to the threat, some U.S. companies have decided to suspend their operations in China.
“I also think that the risk of a slowdown based on a decline in expected profits isn’t fully baked in yet if China ends up doing a full shutdown of their economy by telling people to stay away from work or just stay at home,” Cramer said. “That could be very bad for business, even if it might be necessary to stop this virus.”
Though the number of worldwide cases has reached 2,900, the World Health Organization has not declared the coronavirus a global health emergency. In the U.S., five people have been diagnosed with the virus after traveling from China, and U.S. health officials are reportedly monitoring 110 people across the country for the virus.
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Jim Cramer: We need more information on coronavirus before taking markets back up
CNBC's Jim Cramer tells Squawk Box that there are too many unknowns about the worsening coronavirus outbreak to start buying stocks after Monday's worst market slide since October.
Investor anxiety over the coronavirus led to the Dow Jones Industrial Average’s longest losing streak since August, and the market may have more to lose, going by past epidemics.
Looking back 20 years, previous epidemics from SARS in 2003 to the Ebola scare six years ago shaved 6% to 13% off the S&P 500 over different lengths of time, according to Citi’s head of U.S. equity strategy Tobias Levkovich. The equity benchmark was down about 2.6% through Monday’s close since Jan. 21.
The coronavirus outbreak has killed 106 people and infected 4,515 in China, and the disease has spread to countries around the globe. Medical experts have compared the coronavirus to the severe acute respiratory syndrome, or SARS, which lasted 38 trading days and resulted in a 12.8% sell-off in the S&P 500.
The most recent outbreak was Zika, which started in Nov. 2015 and spread mostly by bites from infected mosquitoes. The market suffered a near 13% pullback in the span of 66 sessions.
“The SARS scare in Hong Kong in 2003 changed the mindset of fund managers who had not dealt with such a health risk emergence and therefore MERS, Ebola, Zika, avian flu, and now coronavirus has created deep concern with still limited information on the extent of contagion and what remedies can be put in place and over what timeframe,” Levkovich said in a note.
Tech biggest loser
All 11 S&P 500 sectors declined during the SARS outbreak 17 years ago, and information technology and communication services were among the biggest losers during the period, falling 14% and 26%, respectively, according to Citi’s analysis.
That’s because China has been an important manufacturer and supplier for many American tech companies. Apple, for example, could see its iPhone production slowing down due to the coronavirus outbreak, the Nikkei Asian Review reported Tuesday.
“Pure China exposure stocks tend to be more IT oriented due to supply chain dynamics and it is likely that shipments from places other than Hubei province probably continue with moderate disruption, but time will tell,” Levkovich said.
Financials were the second-worst performer during SARS, declining 16% as falling bond yields posed a profit threat to banks.
To be sure, while history may suggest the sell-off could continue, the economy is in a better place today with a resilient consumer base and strong business spending, which could prevent a bigger market pullback and a negative economic impact.
“The U.S. economy and market is much more domestically-focused,” Levkovich said. “We do not envision a major domestic slowdown as a result of the China news, but this does not mean that share prices cannot continue to falter in the nearer term.”
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China's first intercity trains using high-speed rail open to the public
China’s first intercity trains using high-speed rail officially opened in South China’s Haikou city, Hainan Province on July 1. The suburban trains also form the first rapid urban rail transit route in Hainan Province. #train
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Sloane Stephens vs. Zheng Saisai | 2018 China Open Second Round | WTA Highlights
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Live chart: Chinese banks
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WATCH LIVE: Democrats get final shot at opening statement Friday at impeachment trial
House Democrats will have their final chance to make their opening statement in the Senate impeachment trial of President Donald Trump Friday.
'Bicycle Kingdom': China's Bike Sharing Programs May Have Hit Peak Supply In Major Cities | TIME
Over the last year or so, however, something remarkable has happened: the self-styled “Bicycle Kingdom” has risen from the scrapheap. China has been infected by a bike-sharing fever where brightly colored common-usage bikes are located and rented via smartphone apps. Around 60 firms have put 16-18 million bicycles onto Chinese streets. They are ridden for a time and then parked at the roadside for the next customer. No bike stands. No set docking station.
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'Bicycle Kingdom': China's Bike Sharing Programs May Have Hit Peak Supply In Major Cities | TIME
Creating New Jobs by Investing in High-Speed Rail
President Obama, joined by Vice President Biden, announces $8 billion in Recovery Act funding for high-speed rail projects that will provide faster, more energy-efficient travel between cities and create new jobs for American workers. The announcement came during a Town Hall meeting in Tampa, FL. January 28, 2010.
ZCT1000 Modern Automatic Mini Rice Mill Plant
ZCT1000 Modern Automatic Mini Rice Mill Plant, Plz visit this link as below:
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China City Walk
These are some of the best people I know in my area of China
DAQING, CHINA
Skyscraper Video #310: Xuzhou Suning Plaza
Sorry! From now, I will post skyscraper videos that are located in China on every Saturday and Sunday. Just like the UK Season that I made a few months ago.
Xuzhou Suning Plaza, also known as Suning Plaza Tower A and Hyatt Regency Xuzhou, is a hotel, serviced apartment and office building in Pengcheng Road, Xuzhou, Jiangsu, China. It had the height of 266 metres | 873 ft and 62 floors. It contained 344 hotel rooms. The construction started in 2013 and completed in 2017. Currently, it is the 286th tallest in the world, 168th tallest in Asia and the tallest in Xuzhou.
#xuzhousuningplaza #xuzhou #hyattregency
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Next skyscraper video: Citigroup Center ( New York ) ( USA )
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Top 10 Richest Cities in China 2020
Top 10 Richest Cities in China 2020. Shanghai remains the wealthiest city in China. The rest of the top 10 include Beijing, Hong Kong, Shenzhen, Guangzhou, Chongqing, Tianjin, Suzhou, Chengdu and Macau.
AIR Dibrugarh Online Radio Live Stream
ALL INDIA RADIO: DIBRUGARH :
PROGRAMME SCHEDULE: For SATURDAY 16-11-2019
M.W 529.1m/KHz.567: F.M. 101.30 MHz
PROGRAMME SCHEDULE: For SATURDAY 16.11.19
Transmission - I (from 5.28 AM to 9.35 AM)
5.28 AIR Signature Tune:
5.30 Vandemataram/ Opening AnnouncementMangalvadya
5.35 Bhaktigeeti:
6.00 News in Hindi:
6.05 Gandhi Chinta&Programme Summary:
6:10 Swasthya Charcha:Interview on “SishurJonmogotoSaririkBisongoti”With Dr. Kinkor Mahanta. Interviewer Kartik Sutradhar. Part: III
6:15 Borgeet: Artist: Lipi Ojah Dowarah & Pty.
6:30 Classical Music: (Sitar)Artist: Irshad KhanRaga: RachanaBhatiyali
6:45 Folk Music: (Lokageet)Artist: Eva Rani DuttaBhuyan
7.05 News in Assamese
7:15 “AjirDinto” (Morning Information Programme)
7.30 Quotation:GEETANJALI: 1. Artist: Jinty Das Lyc: Hiren Gohain, Kiyo Baaru…. 2.Artist: Jupitara Kakoti, Lyc: Satyen Sarmah, Balighor….3. Artist: Jitu Borthakur Lyc: Labanya Prabha Nath, Tumar Ji Juri… 4. Artist:JahnobiSarmahLyc: DhrubajyotiBordoloiMoromotJodi .. 5. Artist: Jyoti Rupa Bhuyan, Lyc: Chida Das Ejaak Botaah……….
7.55 Commercial Spot
8.00 SamacharPrabhat. :
8.15 Morning News:
8.30 North East News Bulletin in English:
8.35 “SURAR PANCHOI” (Composite)Assamese Film Songs
8.50 PuwarAnchalik Batori
9.00 Jilar Rehrup:
9.05 Radio Report on 11thDibrugarh Book Fair Held at Chowkidinghee field
9.35 Close Down
TRANSMISSION: II (11.28 AM to 3.30 PM)
11.58 AIR Signature Tune/Opening Announcement
12.00 News in English
12.05 SingphoSongs:
12.15 Folk Song: (PrasangiaNaam)Artist:DimbeswarHazarika& Pty.
12.30 Hindi Film Song: Film: Bajrangibhaijaan, BewafaSanam, Baaghi
1.00 News in English:
1.05 News in Hindi:
1.10 Troops Programme
1.40 News in Assamese:
1.50 Adhunik Geet:Artist:ShantaHazarika.
2.00 “Kuhinpaat” (Tinytots)
2.15 DopaharSamachar:
2.30 Western Music:
3.00 Close Down
TRANSMISSION: III (3.28 PM to 10.30 PM)
3.28 AIR Signature Tune/Opening Announcement
3.30 Mishing Songs:Artist:KunjalataMili& Pty.
3.45 Programme in Mijumishimi
4.05 Programme in Khampti
4.25 Programme in Wancho
4.45 News in Hindi
4.55 News in English.
5.00 Programme in Idu
5.20 Programme in Tangsa
5.40 Programme in Nocte
6.00 Anchalik Batori
6.05 Programme Summary
6.10 Niyog Batori
6.15 GANYA RAIJOR ANUSTHAN(Rural Programme)Interview on “Sit Kalot Hua Saak Pacholir Rog Aru Niyantran Byabastha” With Dr. Bharat Nath. (F/B)
6.45 SandhiyarAnchalik Batori
6.55 AajirPrasanga:
7.00 News in Hindi
7.05 News in Assames
7.15 “YUVABANI”: (Youth Programme)“VasudhaivaKutumbakam”
7.45 DaakPakhili
8.00 Time &Metre Reading/Quotation “Ekalabya”Sponsored Programme of K.K. HandiqueState Open University
8.30 GeetarSarai:Artist:Deepamoni Bora.Production:BijonHazarika.
8.40 Programme Highlight
8.42 Commercial Spot:
8.45 SamacharSandhya:
9.00 News at Nine
9.15 Commercial Spot:
9.16 Bare Rahania:AkashvanitAponarAbhimot
9.25 NisharAnchalik Batori:
9.30 Radio Serial-“KELI GOPAAL”Presented by ChamuguriSatra, MajuliProduced by Lohit Deka
Direction Krishna Goswami
10.00 Classical Music: (Sarod)Artist:Ud. Ali Akber Khan Rag:RamdashiMalhar
10.30 Close Down.
NOTE : THE PROGRAMME SCHEDULE IS SUBJECT TO LAST MINUTE CHANGE.
PLAYERS PARTY 2018 | THE ROMANS ARE BACK IN TOWN
Linz players‘ parties are famous for its great themes. This year it was: „The Romans are back in town!“ Check out how Kristina Mladenovic, Julia Görges, Andrea Petkovic, Kiki Bertens and others got dressed up and had fun!
China | Wikipedia audio article
This is an audio version of the Wikipedia Article:
00:03:22 1 Names
00:06:13 2 History
00:06:22 2.1 Prehistory
00:07:29 2.2 Early dynastic rule
00:08:59 2.3 Imperial China
00:15:25 2.4 End of dynastic rule
00:18:05 2.5 Republic of China (1912–1949)
00:21:22 2.6 People's Republic of China (1949–present)
00:25:45 3 Geography
00:26:47 3.1 Landscape and climate
00:29:26 3.2 Biodiversity
00:32:17 3.3 Environmental issues
00:36:01 3.4 Political geography
00:37:52 4 Politics
00:39:12 4.1 Communist Party
00:40:27 4.2 Government
00:41:50 4.3 Administrative divisions
00:42:57 4.4 Foreign relations
00:45:02 4.4.1 Trade relations
00:48:30 4.4.2 Territorial disputes
00:50:08 4.4.3 Emerging superpower status
00:50:59 4.5 Sociopolitical issues, human rights and reform
00:57:08 5 Military
01:00:57 6 Economy
01:02:22 6.1 Economic history and growth
01:05:59 6.2 China in the global economy
01:09:19 6.3 Class and income inequality
01:10:57 7 Science and technology
01:11:08 7.1 Historical
01:12:30 7.2 Modern era
01:15:37 8 Infrastructure
01:15:46 8.1 Telecommunications
01:17:34 8.2 Transport
01:22:54 8.3 Water supply and sanitation
01:23:45 9 Demographics
01:27:08 9.1 Ethnic groups
01:28:40 9.2 Languages
01:31:07 9.3 Urbanization
01:32:40 9.4 Education
01:35:28 9.5 Health
01:38:05 9.6 Religion
01:41:26 10 Culture
01:44:17 10.1 Literature
01:46:24 10.2 Cuisine
01:48:06 10.3 Sports
01:51:09 11 See also
Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.
Listen on Google Assistant through Extra Audio:
Other Wikipedia audio articles at:
Upload your own Wikipedia articles through:
Speaking Rate: 0.887171290251184
Voice name: en-GB-Wavenet-A
I cannot teach anybody anything, I can only make them think.
- Socrates
SUMMARY
=======
China, officially the People's Republic of China (PRC), is a country in East Asia and the world's most populous country, with a population of around 1.404 billion. Covering approximately 9,600,000 square kilometers (3,700,000 sq mi), it is the third- or fourth-largest country by total area. Governed by the Communist Party of China, the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and the special administrative regions of Hong Kong and Macau.
China emerged as one of the world's earliest civilizations, in the fertile basin of the Yellow River in the North China Plain. For millennia, China's political system was based on hereditary monarchies, or dynasties, beginning with the semi-legendary Xia dynasty in 21st century BCE. Since then, China has expanded, fractured, and re-unified numerous times. In the 3rd century BCE, the Qin reunited core China and established the first Chinese empire. The succeeding Han dynasty, which ruled from 206 BC until 220 AD, saw some of the most advanced technology at that time, including papermaking and the compass, along with agricultural and medical improvements. The invention of gunpowder and movable type in the Tang dynasty (618–907) and Northern Song (960–1127) completed the Four Great Inventions. Tang culture spread widely in Asia, as the new Silk Route brought traders to as far as Mesopotamia and Horn of Africa. Dynastic rule ended in 1912 with the Xinhai Revolution, when a republic replaced the Qing dynasty. The Chinese Civil War resulted in a division of territory in 1949, when the Communist Party of China established the People's Republic of China, a unitary one-party sovereign state on Mainland China, while the Kuomintang-led government retreated to the island of Taiwan. The political status of Taiwan remains disputed.
Since the introduction of economic reforms in 1978, China's economy has been one of the world's fastest-growing with annual growth rates consistently above 6 percent. 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 second-largest defense budget. The PRC i ...
China | Wikipedia audio article
This is an audio version of the Wikipedia Article:
China
Listening is a more natural way of learning, when compared to reading. Written
language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through
audio (audio article). You could even learn subconsciously by playing the audio
while you are sleeping! If you are planning to listen a lot, you could try using
a bone conduction headphone, or a standard speaker instead of an earphone.
You can find other Wikipedia audio articles too at:
In case you don't find one that you were looking for, put a comment.
This video uses Google TTS en-US-Standard-D voice.
SUMMARY
=======
China, officially the People's Republic of China (PRC), is a country in East Asia and the world's most populous country, with a population of around 1.404 billion. Covering approximately 9,600,000 square kilometers (3,700,000 sq mi), it is the third- or fourth-largest country by total area, depending on the source consulted. Governed by the Communist Party of China, the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and the special administrative regions of Hong Kong and Macau.
China emerged as one of the world's earliest civilizations, in the fertile basin of the Yellow River in the North China Plain. For millennia, China's political system was based on hereditary monarchies, or dynasties, beginning with the semi-legendary Xia dynasty in 21st century BCE. Since then, China has expanded, fractured, and re-unified numerous times. In the 3rd century BCE, the Qin unified core China and established the first Chinese empire. The succeeding Han dynasty, which ruled from 206 BC until 220 AD, saw some of the most advanced technology at that time, including papermaking and the compass, along with agricultural and medical improvements. The invention of gunpowder and movable type in the Tang dynasty (618–907) and Northern Song (960–1127) completed the Four Great Inventions. Tang culture spread widely in Asia, as the new maritime Silk Route brought traders to as far as Mesopotamia and Horn of Africa. Dynastic rule ended in 1912 with the Xinhai Revolution, when a republic replaced the Qing dynasty. The Chinese Civil War resulted in a division of territory in 1949, when the Communist Party of China established the People's Republic of China, a unitary one-party sovereign state on Mainland China, while the Kuomintang-led government retreated to the island of Taiwan. The political status of Taiwan remains disputed.
Since the introduction of economic reforms in 1978, China's economy has been one of the world's fastest-growing with annual growth rates consistently above 6 percent. 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 second-largest defense budget. The PRC is a permanent member of the United Nations Security Council as it replaced the ROC in 1971, as well as an active global partner of ASEAN Plus mechanism. China is also a leading member of numerous formal and informal multilateral organizations, including the Shanghai Cooperation Organization (SCO), WTO, APEC, BRICS, the BCIM, and the G20. China is a great power and a major regional power within Asia, and has been characterized as a potential superpower.
Coronavirus is big business for China's medical sector
The ongoing coronavirus outbreak has wreaked havoc on Chinese businesses in the travel, entertainment and media sectors, having arrived at the economically crucial Chinese New Year. The economic shocks are being felt globally. “Boom Bust” host Christie Ai joins Scottie Nell Hughes to share her expertise.
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Chongqing | Wikipedia audio article
This is an audio version of the Wikipedia Article:
00:02:20 1 History
00:02:29 1.1 Ancient history
00:02:47 1.2 Imperial era
00:05:20 1.3 Provisional capital of the Republic of China
00:06:55 1.4 Municipality status
00:08:15 1.5 Organised crime and the gang trials
00:09:47 2 Geography
00:09:56 2.1 Physical geography and topography
00:13:31 2.2 Climate
00:16:34 2.3 Air
00:17:09 3 Administrative divisions
00:18:13 3.1 Urban areas
00:18:35 4 Central Chongqing
00:18:45 4.1 Districts
00:21:02 4.2 Landforms
00:22:29 4.3 Bridges
00:23:22 4.4 Aerial tramway
00:24:09 5 Demographics
00:26:57 6 Politics
00:30:20 7 Military
00:31:11 8 Economy
00:37:35 8.1 Economic and technological development zones
00:38:16 9 Transport
00:39:10 9.1 River port
00:40:23 9.2 Railways
00:42:23 9.3 Highways
00:44:28 9.4 Airports
00:49:36 9.5 Public transit
00:51:16 10 Culture
00:51:25 10.1 Language
00:52:14 10.2 Tourism
00:57:48 10.3 Media
00:58:28 10.4 Cuisine
01:01:21 10.5 Sports and recreation
01:01:30 10.5.1 Association football
01:03:36 10.5.2 Basketball
01:03:59 10.5.3 Sport venues
01:05:15 10.6 Religion
01:06:04 10.7 Notable people
01:08:23 11 Education
01:08:33 11.1 Colleges and universities
01:10:27 11.2 Notable high schools
01:11:41 11.3 International schools
01:12:06 12 International relations
01:12:16 12.1 Consulates
01:12:25 12.2 Twin towns – sister cities
01:14:24 13 See also
Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.
Listen on Google Assistant through Extra Audio:
Other Wikipedia audio articles at:
Upload your own Wikipedia articles through:
Speaking Rate: 0.874688028851666
Voice name: en-US-Wavenet-A
I cannot teach anybody anything, I can only make them think.
- Socrates
SUMMARY
=======
Chongqing (, also US: , Chinese: [ʈʂʰʊ̌ŋ.tɕʰîŋ] (listen)), alternately romanized as Chungking, is a major city in southwest China. Administratively, it is one of China's four municipalities under the direct administration of central government (the other three are Beijing, Shanghai and Tianjin), and the only such municipality in China located far away from the coast.Chongqing was a municipality during the Republic of China (ROC) administration, serving as its wartime capital during the Second Sino-Japanese War (1937–1945); during this period, Chongqing was listed as one of the world's four anti-fascist command centers, along with Washington, D.C., London and Moscow. The current municipality was recreated on 14 March 1997 to help develop the central and western parts of China. The Chongqing administrative municipality has a population of over 30 million, spread over an area the size of Austria. The city of Chongqing made of 9 urban districts has a much smaller population of 18,384,100 as of 2016 estimation. According to the 2010 census, Chongqing is the most populous Chinese municipality, and also the largest direct-controlled municipality in China, containing 26 districts, eight counties, and four autonomous counties.
The official abbreviation of the city, Yu (渝), was approved by the State Council on 18 April 1997. This abbreviation is derived from the old name of a part of the Jialing River that runs through Chongqing and feeds into the Yangtze River.
Chongqing has a significant history and culture. Being one of China's National Central Cities, it serves as the economic centre of the upstream Yangtze basin. It is a major manufacturing centre and transportation hub; a July 2012 report by the Economist Intelligence Unit described it as one of China's 13 emerging megalopolises.
China | Wikipedia audio article
This is an audio version of the Wikipedia Article:
China
Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.
You can find other Wikipedia audio articles too at:
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The only true wisdom is in knowing you know nothing.
- Socrates
SUMMARY
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China, officially the People's Republic of China (PRC), is a country in East Asia and the world's most populous country, with a population of around 1.404 billion. Covering approximately 9,600,000 square kilometers (3,700,000 sq mi), it is the third- or fourth-largest country by total area, depending on the source consulted. Governed by the Communist Party of China, the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and the special administrative regions of Hong Kong and Macau.
China emerged as one of the world's earliest civilizations, in the fertile basin of the Yellow River in the North China Plain. For millennia, China's political system was based on hereditary monarchies, or dynasties, beginning with the semi-legendary Xia dynasty in 21st century BCE. Since then, China has expanded, fractured, and re-unified numerous times. In the 3rd century BCE, the Qin unified core China and established the first Chinese empire. The succeeding Han dynasty, which ruled from 206 BC until 220 AD, saw some of the most advanced technology at that time, including papermaking and the compass, along with agricultural and medical improvements. The invention of gunpowder and movable type in the Tang dynasty (618–907) and Northern Song (960–1127) completed the Four Great Inventions. Tang culture spread widely in Asia, as the new maritime Silk Route brought traders to as far as Mesopotamia and Horn of Africa. Dynastic rule ended in 1912 with the Xinhai Revolution, when a republic replaced the Qing dynasty. The Chinese Civil War resulted in a division of territory in 1949, when the Communist Party of China established the People's Republic of China, a unitary one-party sovereign state on Mainland China, while the Kuomintang-led government retreated to the island of Taiwan. The political status of Taiwan remains disputed.
Since the introduction of economic reforms in 1978, China's economy has been one of the world's fastest-growing with annual growth rates consistently above 6 percent. 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 second-largest defense budget. The PRC is a permanent member of the United Nations Security Council as it replaced the ROC in 1971, as well as an active global partner of ASEAN Plus mechanism. China is also a leading member of numerous formal and informal multilateral organizations, including the Shanghai Cooperation Organization (SCO), WTO, APEC, BRICS, the BCIM, and the G20. China is a great power and a major regional power within Asia, and has been characterized as a potential superpower.
People's Republic of China | Wikipedia audio article
This is an audio version of the Wikipedia Article:
People's Republic of China
Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.
You can find other Wikipedia audio articles too at:
You can upload your own Wikipedia articles through:
The only true wisdom is in knowing you know nothing.
- Socrates
SUMMARY
=======
China, officially the People's Republic of China (PRC), is a country in East Asia and the world's most populous country, with a population of around 1.404 billion. Covering approximately 9,600,000 square kilometers (3,700,000 sq mi), it is the third- or fourth-largest country by total area, depending on the source consulted. Governed by the Communist Party of China, the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and the special administrative regions of Hong Kong and Macau.
China emerged as one of the world's earliest civilizations, in the fertile basin of the Yellow River in the North China Plain. For millennia, China's political system was based on hereditary monarchies, or dynasties, beginning with the semi-legendary Xia dynasty in 21st century BCE. Since then, China has expanded, fractured, and re-unified numerous times. In the 3rd century BCE, the Qin unified core China and established the first Chinese empire. The succeeding Han dynasty, which ruled from 206 BC until 220 AD, saw some of the most advanced technology at that time, including papermaking and the compass, along with agricultural and medical improvements. The invention of gunpowder and movable type in the Tang dynasty (618–907) and Northern Song (960–1127) completed the Four Great Inventions. Tang culture spread widely in Asia, as the new maritime Silk Route brought traders to as far as Mesopotamia and Horn of Africa. Dynastic rule ended in 1912 with the Xinhai Revolution, when a republic replaced the Qing dynasty. The Chinese Civil War resulted in a division of territory in 1949, when the Communist Party of China established the People's Republic of China, a unitary one-party sovereign state on Mainland China, while the Kuomintang-led government retreated to the island of Taiwan. The political status of Taiwan remains disputed.
Since the introduction of economic reforms in 1978, China's economy has been one of the world's fastest-growing with annual growth rates consistently above 6 percent. 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 second-largest defense budget. The PRC is a permanent member of the United Nations Security Council as it replaced the ROC in 1971, as well as an active global partner of ASEAN Plus mechanism. China is also a leading member of numerous formal and informal multilateral organizations, including the Shanghai Cooperation Organization (SCO), WTO, APEC, BRICS, the BCIM, and the G20. China is a great power and a major regional power within Asia, and has been characterized as a potential superpower.