Last updated in October 2022.
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B2
MEDIUM 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
-
Financing risk
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GDP | USD 17734bn (World ranking 2, World Bank 2021) |
Population | 1412mn (World ranking 1, World Bank 2021) |
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
- Key position in global value chains
- New growth opportunities as the country moves up the global value chain, and the services sector develops

- 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
17.2%
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1 |
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Hong Kong
10.4%
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2 |
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Japan
4.9%
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3 |
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South Korea
4.4%
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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%
|
1 |
21.7%
Electrical machinery, apparatus and appliances, n.e.s.
|
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
|
Collection Complexity
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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