China

Coming out ahead in the post-pandemic world, but not without risks

B2

MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in July 2021.

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GDP USD 14722bn (World ranking 2, World Bank 2020)
Population 1402mn (World ranking 1, World Bank 2020)
Form of state One-party state
Head of state Xi Jinping (General Secretary of the Communist Party)
Next elections None
  • Large domestic market
  • Improvement in macro-prudential management
  • External position and fiscal position (to lesser extent) are relatively solid
  • New growth opportunities as the country moves up the global value chain, and the services sector develops
  • Increasing market orientation and opening of the domestic market
  • High corporate debt, rising household debt
  • Industrial overcapacity
  • Strong involvement of the public sector in the economy
  • Continued geopolitical tensions with key countries in the region and the U.S.
  • Competitiveness erosion for traditional manufacturing sectors
  • Aging population

Trade structure by destination/origin

(% of total)

Exports Rank Imports
United States 17.5%
1
9.8% Taiwan
Hong Kong 10.5%
2
8.5% Japan
Japan 5.5%
3
8.4% South Korea
Vietnam 4.4%
4
6.6% United States
South Korea 4.3%
5
5.6% Australia

Trade structure by product

(% of total)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 15.1%
1
23.3% Electrical machinery, apparatus and appliances, n.e.s.
Office machines and automatic data processing machines 10.7%
2
9.9% Petroleum, petroleum products and related materials
Telecommunication and sound recording apparatus 9.7%
3
9.2% Metalliferous ores and metal scrap
Miscellaneous manufactured articles, n.e.s. 7.0%
4
5.3% Office machines and automatic data processing machines
Textile yarn and related products 6.0%
5
3.7% Professional and scientific instruments, n.e.s.
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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