Mining, manufacturing and utilities activities contributed 30.6% to the gross value added (GVA) in 2022, followed by, wholesale, retail and hotels (11.0%) and transport, storage and communication (7.9%). These sectors are expected to grow by 8.3%, 8.7% and 9.0%, respectively, in 2023.
Eastern China accounts for most of the provincial GDP. Beijing, Shanghai, Jiangsu and Guangzhou are the major cities of Eastern China. Better sea connectivity has boosted manufacturing in these cities.
Eastern China accounts for most of the provincial GDP. Beijing, Shanghai, Jiangsu and Guangzhou are the major cities of Eastern China. Better sea connectivity has boosted manufacturing in these cities.
Key Highlights
The Shanghai SE Composite Index, widely considered a benchmark of the overall performance of stocks listed in the Shanghai stock market, has exhibited an increasing trend in the past 12 months. As of March 9, 2023, the Index stood at 3,273.2, compared to 3,256.4 on March 9, 2022.Scope
- Guangzhou, a major manufacturing hub in southern China, has announced plans for 1,722 projects in 2023 with a total value of more than 6.5 trillion yuan ($945 billion) in transport, new energy vehicles and biomedicine
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country's snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies' presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- Exhibit 1: China’s performance in terms of its country risk analysis in comparison to Asia Pacific and the World
- Exhibit 2: Performance overview (Score: 1-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: Shanghai SE composite index (SHCOMP INDEX), March 2022-March 2023
- Exhibit 5: Key sectors; contribution to the economy (2018-25f)
- Exhibit 6: FDI inflows to China, FDI outflows from China, and FDI inward stock, FDI outward stock (2017-21)
- Exhibit 7: Value and number of greenfield FDI projects in China and number of net cross border M&As purchases in China (2017-21)
- Exhibit 8: Key infrastructure indicators (2020)
- Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
- Exhibit 10: Real GDP growth rate comparison (2022)
- Exhibit 11: Exports, imports and trade balance (2018-25f)
- Exhibit 12: Current account balance (2018-25f)
- Exhibit 13: Top three commodity exports, % of total exports (2018-22)
- Exhibit 14: Electrical machinery and parts thereof % share of world’s total (2022)
- Exhibit 15: Interest rates (January 2018 - March 2023)
- Exhibit 17: General government deficit (2018-25f)
- Exhibit 18: General government debt (2018-25f)
- Exhibit 19: Unemployment rate (2018-25f)
- Exhibit 20: Average annual wages (2018-25f)
- Exhibit 21: Labor cost index (2018-25f)
- Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
- Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
- Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
- Exhibit 26: Number of patents granted per million population (2021)
- Exhibit 27: High-technology exports, % of manufactured exports (2021)
- Exhibit 28: Rule of law (rankings), 2022
- Exhibit 29: Corruption perceptions index (rankings) (2022)
- Exhibit 30: Renewable energy capacity (2017-21)
- Exhibit 31: CO2 emissions (2017-21)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Huawei
- PetroChina
- Baosteel
- Vanke
