It is well known that China collects enormous quantities of foreign exchange reserves as part of its strategy for routing the yuan exchange rate, and that it prevents the US, Japan or the European Central Bank from get even by ruling out foreigners from investing in any significant yuan assets. Chinese has adopted a free-market having lesser state-owned enterprises and positive foreign investment has helped to lift up living standards in China. However, the political structure of China might not work in European countries, North America and other highly developed countries. This is because the political structure still lacks freedom of the people, which countries that are more advanced would not like. The party control over the state is rather tight when comparing itself to the democratic countries.
Trade policies can hurt or help an economy. Though allowing cheap Chinese exports allows consumers to purchase services or goods at low prices, some argue this trade relationship is because of the U.S. debt issues with China.
For a long time China was considered to be top civilization in the world. However in the 19th and early 20th centuries China underwent civil unrest, famines, and military defeats. Following World War II, China under Mao Zedong created an autocratic socialist communist system. In order to make sure of China's power and control he enforced strict rules and set of laws over everyday life of the people that killed millions of people. In 1978, Deng Xiaoping came rule and created a market oriented economic development. This caused the market to quadruple during 2000. The Chinese living standards and the choice of freedom had been improved. But political control still remained very tight. Since 1990 China has increased its partaking in international organizations due to globalization and economic factors. (Factbook, 2010)
Travel in China ï¼ Hotels and Accommodation
More than 5,200 hotels in China provide accommodation foreign visitors, with a total of 700,000 guest rooms and 1.41 million beds. These hotels are rated according to established international star-rating standards. By the end of 1997, there were 2,724 star-rated hotels in the country, including 57 five-star hotels, 157 four-star hotels, 895 three-star hotels, 1,339 two-star hotels and 276 one-star hotels.
The tourism industry in China is one of the rapidly growing industries in the country and also has a very competitive edge. The total revenue of China's tourism industry reached $ 67 billion in 2002, which equals 5.44% of the GDP.
The total number of tourists was Mio. 91 in 2006, and that of tourists staying overnight was 32.7 million, about 10 times of the number in 1980. International tourism revenue were USD 17.4 billion in 2003. China's positions for both the overnight tourist arrivals and tourism proceeds were among the worlds top five in 2003. However, there is unlikely to be a big increase in the inbound tourism market.(责任编辑：BUG)