China, officially the People's Republic of China (PRC), is the world's most populous state, with a population of over 1.381 billion. The PRC is governed by the Communist Party, with its seat of government in the capital city of Beijing. It exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), two mostly self-governing special administrative regions (Hong Kong and Macau), and claims sovereignty over the Republic of China (island of Taiwan) off the southeast coast of the mainland.
China stretches some 5,026 km (3,123 mi) across the East Asian landmass. China is bordered in the east by the East China Sea, Korea Bay, Yellow Sea, Bohai Sea, Taiwan Strait, and South China Sea, and shares land borders with a total of 14 countries in the north, south and west.
China's socialist market economy is the world's second largest economy by nominal GDP and the world's largest economy by purchasing power parity according to the IMF, although China's National Bureau of Statistics rejects this claim. Until 2015 China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years. Due to historical and political facts of China's developing economy, China's public sector accounts for a bigger share of the national economy than the burgeoning private sector.
The China Management Research Institute (CMRI) was launched on 21st of Jan 2011, with a Steering Committee chaired by Prof. Richard Harrison, the director of Queen’s University Management School (QUMS). CMRI is working with a diversity of organizations in China, including educational institutions, business organizations, local governments and non-governmental organizations. The rapid growth of China in economy, scientific research and education provides unique opportunities for QUMS. Numerous Business Journals are published in china are Journal of Chinese Management, Asian Business & Management, and Chinese Management Studies are published with good reputation. Several leading institutions in the country are Shandong University, Harbin Institute of Technology, Huazhong University of Science and Technology, Enterprise Management, Southeast University, Hunan University.