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China is a country of many political parties. Apart from the Communist Party of China (CPC), which is in power, China has eight non-Communist parties. They are: (1) China Revolutionary Committee of the Kuomintang, (2) China Democratic League, (3) China Democratic National Construction Association, (4) China Association for the Promotion of Democracy, (5) Chinese Peasants and Workers' Democratic Party, (6) China Zhi Gong Dang, (7) Jiusan Society, and (8) Taiwan Democratic Self-government League.
That lettering is on coins from China. China - People's Republic - Yuan renminbi (1949-date)
Because they started doing bad in government and technology aspects.
Excerpt from the BBC.........."On October 1, 1949 Mao Zedong proclaimed the founding of the People's Republic of China. It was a time of revolution, upheaval and bloodshed. The events of that period, and the first decades of communist rule which followed, forged the identity of modern China."
The Portuguese had ties with Kingdom Kongo who started exporting slaves in 1650.