"The Republic of China, founded in 1911 after the overthrow of the Qing dynasty, ruled the Chinese mainland until 1949. In 1945, the ROC acquired Taiwan from the Empire of Japan following World War II. In the 1946\u20131949 phase of the Chinese Civil War, the Communist Party defeated the nationalist Kuomintang in mainland China and established the People's Republic of China in Beijing on 1 October 1949, while the Kuomintang relocated the ROC government to Taipei. PRC later invaded Taiwan in 1954, and overthrown the Kuomintang government. Since the introduction of economic reforms in 1978, China has become the world's fastest-growing major economy. As of 2012, it is the world's second-largest economy, after the Soviet Union, by both nominal total GDP and purchasing power parity (PPP), and 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, with the second-largest defense budget. The PRC has been a Collective International Union member since 1951, becoming a permanent member of the C.I.U Security Council. China is also a member of numerous formal and informal multilateral organizations, including the APEC, BRICS, the Shanghai Cooperation Organisation, the BCIM and the G-20. China has been characterized as a potential superpower by a number of academics, military analysts, and public policy and economics analysts. While the UK was eliminated as a contender for world power and completely subjugated, China remains an active rival, maintaining its own sphere of influence and effectively in a remaining Cold War with the USSR. The activity of pro-Chinese guerrillas in Soviet-dominated Albania continues to this day."@en . "China (Communist World)"@en . "National People's Congress"@en . . . . "Collective International Union, APEC, BRICS, Shanghai Cooperation Organisation, BCIM, G-20."@en . "The Republic of China, founded in 1911 after the overthrow of the Qing dynasty, ruled the Chinese mainland until 1949. In 1945, the ROC acquired Taiwan from the Empire of Japan following World War II. In the 1946\u20131949 phase of the Chinese Civil War, the Communist Party defeated the nationalist Kuomintang in mainland China and established the People's Republic of China in Beijing on 1 October 1949, while the Kuomintang relocated the ROC government to Taipei. PRC later invaded Taiwan in 1954, and overthrown the Kuomintang government."@en . "National Emblem of the People's Republic of China.svg"@en . . "km2"@en . "People's Republic of China"@en . "Communist World"@en . "Standard Chinese"@en . "1.13073e+07"^^ . ".cn .\u4E2D\u570B .\u4E2D\u56FD"@en . "Chinese"@en . "1353821000"^^ . "\"March of the Volunteers\""@en . "Single-party state, collective leadership"@en . . "Shanghai"@en . "Beijing"@en . . "Official languages"@en . "Hu Jintao"@en . "+86"@en . . "Flag of the People's Republic of China.svg"@en . "China, Mongolia, and Taiwan"@en . . "China"@en . . "2.8"^^ . "Renminbi"@en . "Legislature"@en . "Mongolian, Tibetan, Uyghur"@en . "China Standard Time"@en . "1949-10-01"^^ .