On Thursday, September 19, 2024, with the presence of Prime Minister Masrour Barzani and Qubad Talabani, Deputy Prime Minister, along with several ministers and other party and government officials, the 75th anniversary of the founding of the People’s Republic of China was commemorated in Erbil.
Due to the diplomatic and political position that the Kurdistan Region holds in the area, nearly 40 countries have consulates and representative offices in the Kurdistan Region. This has resulted in relations between the Kurdistan Region and these countries being at a very good level.
Having commercial, cultural, and diplomatic relations with the people’s Republic of China is important because China plays a crucial role in global economics and politics, with its influence growing significantly over the past few decades.
China is often called the “world’s factory” due to its massive manufacturing capabilities. With a population of over 1.4 billion, China represents a huge potential market for global companies.
China has experienced rapid economic growth, becoming the world’s second-largest economy by nominal GDP. China is a major trading partner for many countries, influencing global supply chains and trade patterns.
China is both a significant recipient of foreign direct investment and an increasingly important global investor.
China is UN Security Council member,As one of the five permanent members, China has veto power over key decisions.
China is a major player in Asian geopolitics, with significant influence over neighboring countries. China is increasingly active in international organizations and forums, shaping global policies. China’s growing military capabilities make it a significant factor in global security considerations.
China’s role in global economics and politics is complex and multifaceted. Its actions and policies have far-reaching consequences, affecting everything from global economic growth to geopolitical stability. As China continues to grow and assert itself on the world stage, its importance in shaping the global order is likely to increase further.