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CHINA
Growth headwinds and complex geopolitics
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD 17963.2bn (World ranking 2, World Bank 2022) |
Population | 1,412mn (World ranking 2, World Bank 2022) |
Form of state |
Communist party-led state |
Head of state |
Xi Jinping (General Secretary of the Communist Party) |
Next elections | 2027, Legislative |
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- Large domestic market
- Improvement in macro-prudential management
- External position and fiscal position (to lesser extent) are relatively solid
- Key position in global value chains
- New growth opportunities as the country moves up the global value chain, and the services sector develops
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- High corporate debt, rising household debt
- Strong involvement of the public sector in the economy, with occasional policy-driven disruptions
- Continued geopolitical tensions with key countries in the region and the US
- Competitiveness erosion for traditional (lower value-added) manufacturing sectors
- Aging population
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
United States
16.2%
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1 |
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Hong Kong
8.3%
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2 |
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Japan
4.8%
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3 |
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South Korea
4.5%
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4 |
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Vietnam
4.1%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
15.6%
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1 |
21.7%
Electrical machinery, apparatus and appliances, n.e.s.
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Office machines and automatic data processing machines
9.9%
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2 |
11.0%
Petroleum, petroleum products and related materials
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Telecommunication and sound recording apparatus
8.6%
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3 |
10.9%
Metalliferous ores and metal scrap
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Miscellaneous manufactured articles, n.e.s.
7.5%
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4 |
5.1%
Office machines and automatic data processing machines
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Articles of apparel & clothing accessories
5.2%
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5 |
3.2%
Non-ferrous metals
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Collection Complexity
LATEST NEWS ABOUT CHINA
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Global trade: Battling out of demand and price shocks
The invasion of Ukraine and renewed Covid-19 outbreaks in China are hitting global trade with a double whammy in 2022: lower volumes and higher prices.
Economic Outlook: Energy, trade and financial shockwaves
The Russian invasion of Ukraine has brought back significant headwinds to the global economic recovery and raised wider geopolitical risks.
Russia-Ukraine crisis: conflict escalation
De-escalation depends on three channels of transmission: energy, finance and trade.
Contacts
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