Peoples Republic of China (PRC) generally known as China is the most peopled country in the world. The republic was founded in the year 1949 after the communist party defeated nationalists Kuomintang. The country is a unitary sovereign state in East Asia with a population of 1.4 billion people. Mandarin Chinese the commonly spoken language in this country. The nation has four major religions namely; Taoism, Christianity, Buddhism, and Islam. The life expectancy in China is high compared to other developing countries. Typically, the life expectancy for men is 75 years and 78 years for women. China Economic Indicators & Modernization Theory of Economic Growth and Development