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China's economy is huge and expanding rapidly. Chinese Economy is considered as the economic wonder of the world. In terms of nominal GDP it is the third largest country of the world. China has over the past two decades firmly adhered to the policy of reform and opening-up, which has not only promoted the sustained, swift and sound development of China's national economy, but also helped restructure its economic system. China is rich in minerals with abundance in coal and iron. It is the largest Coal producing country in the whole world. On a global scale China is involved with many foreign enterprises and has numerous trade relations across the globe. China is the third largest importer and second largest exporter in the world.