who are the main trading partners of china?
Madagascar Angola Algeria Sudan Tuvalu Tanzania Nepal Djibouti Laos Sierra Leone
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 In November 2010 , Russia began using the Chinese renminbi in its bilateral trade with China . This was soon followed by Japan , Australia , Singapore , the United Kingdom , and Canada . As a result of the rapid internationalization of the renminbi , it became the eighth @-@ most @-@ traded currency in the world in 2013 . 

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 In recent decades , China has played an increasing role in calling for free trade areas and security pacts amongst its Asia @-@ Pacific neighbours . In 2004 , it proposed an entirely new East Asia Summit ( EAS ) framework as a forum for regional security issues . The EAS , which includes ASEAN Plus Three , India , Australia and New Zealand , held its inaugural summit in 2005 . China is also a founding member of the Shanghai Cooperation Organization ( SCO ) , along with Russia and the Central Asian republics . China became a member of the World Trade Organization ( WTO ) on 11 December 2001 . 

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 China had the largest economy in the world for most of the past two thousand years , during which it has seen cycles of prosperity and decline . Since the introduction of economic reforms in 1978 , China has become one of the world 's fastest @-@ growing major economies . As of 2014 , 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 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 . 

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 The PRC has diplomatic relations with 171 countries and maintains embassies in 162 . Its legitimacy is disputed by the Republic of China and a few other countries ; it is thus the largest and most populous state with limited recognition . In 1971 , the PRC replaced the Republic of China as the sole representative of China in the United Nations and as one of the five permanent members of the United Nations Security Council . China was also a former member and leader of the Non @-@ Aligned Movement , and still considers itself an advocate for developing countries . Along with Brazil , Russia , India and South Africa , China is a member of the BRICS group of emerging major economies and hosted the group 's third official summit at Sanya , Hainan in April 2011 . 

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 In 2000 , the United States Congress approved " permanent normal trade relations " ( PNTR ) with China , allowing Chinese exports in at the same low tariffs as goods from most other countries . China has a significant trade surplus with the United States , its most important export market . In the early 2010s , US politicians argued that the Chinese yuan was significantly undervalued , giving China an unfair trade advantage . In recent decades , China has followed a policy of engaging with African nations for trade and bilateral co @-@ operation ; in 2012 , Sino @-@ African trade totalled over US $ 160 billion . China has furthermore strengthened its ties with major South American economies , becoming the largest trading partner of Brazil and building strategic links with Argentina . 
