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This term paper was written for my Principles of Finance class (FIN300) in the Summer, July of 2009. The paper goes into the economic history of China. Moving on to the People's Republic of China of domestic industries by their new ruler at that point in time. I also talk about how China makes a move toward an socialist market economy, as well as entering the WTO (World Trade Organization). There are expert predictions about the country, the future in China on the internet, as well as China as a Global domination. I end the paper with China's economies and environments with a short bibliography at the end.