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CHINA

Global Trade Volume of China

The Chinese government, which has pursued a successful policy on attracting foreign capital in recent years, has implemented the principle of “national treatment” in order to avoid privileged treatment of foreign investors and to make equal treatment of domestic and foreign investors. Long-term projects and special incentives are considered to correct the weak infrastructure in the western and central regions. That’s exactly where PraeGlobal started to play an active role in China.

The Law on foreign trade, which came into force in 1995, abolished the mandatory planning for exports, but the license application on some products is continuing. In imports, domestic production is protected, and it is important to control foreign exchange reserves.

China Economy Datas

Datas 2013 2014 2015 2016 2017
Population (million) 1361 1368 1,375 1383 1,39
Per capita GDP (USD) 7124 7662 7948 8103 8806
GDP (USD bn) 9694 10480 10925 11204 12241
Jobless rate 4,1 4,1 4,1 4 3,9
Inflation Rate (consumer price index, annual change %) 2,6 2 1,4 2 1,6
Inflation (PPI, annual change% ) -1,9 -1,9 -5,2 -1,3 6,3
Current account (% of GDP) 1,5 2,3 2,8 1,8 1,3
Trade balance (billion $) 259 383 594 510 419
Export (billion $) 2209 2342 2273 2098 2263
Import (billion $) 1,95 1959 1,68 1588 1844

If you are interested in investing in China, which is still hungry for foreign capital, and would like to improve your business, we are ready to give you consultancy services as PraeGlobal.

We are ready to share our knowledge with you as we have mastered all laws and economic opportunities in the country. We will provide all kinds of support for your company and we will be with you with all consultancy services with our expert staff in the process of establishment of your company.

With PraeGlobal’s active staff, you will feel like you are at home even you are in abroad.

Traiding Qualities

  1. Industry

    The most important sector for the Chinese economy is the agricultural sector. Workers in the agricultural sector are engaged in farming, feeding, forestry, and fishing, and 37% of total employment is employed in the agricultural sector. China’s urbanization rate rose to 52%, resulting in low income growth in rural areas. Agricultural incomes are relatively low compared to cities.

    Only 10% of the surface area of 9,561 million square kilometers can be cultivated. Among the agricultural products that can be cultivated are sugarcane, jute, wheat, rice and some tropical products. In fact, although it was a major agricultural country, it had to import considerable amounts of cereals, rice and wheat for the first time in 1994-1995.

    In China, which has developed in terms of agricultural production techniques, greenhouse cultivation has spread all over the country. Fishing is widely carried out. Rice, sugarcane, sugar beets, jute, hemp, tea, cow, pigs, cotton, oilseeds, sheep, silk cocoons, small and large animals constitute important agricultural products in the country rich in agricultural product diversity.

  2. Industry

    The industry, which has increased in recent years, was 7.8% in 2013. Especially with the contributions of foreign capital organizations, an increase in production is observed. In China, which has attained competence in the major industries in the field of industry, it operates in areas such as automobile production, metallurgy, mining, aircraft equipment, large machinery parts, aerospace industry communication equipment. It is successful in mining, power plant, fuel, chemicals, automotive and shipbuilding with its own technical facilities.

  3. Building

    Demand for housing, infrastructure investments, and related materials is still ongoing in the country, which is the largest area. In China, where 2 billion square meters of buildings are built every year, half of the building increases all over the world are made. The improvement in urban life has also been a major factor in the production of energy-consuming vehicles such as household appliances and light bulbs.

  4. Energy

    Energy demand grew by 110% in the last 10 years. In 2009, China, which is the largest energy consumer, started to move towards alternative energy sources with the rise of the air pollution. It is aimed to increase the share of nuclear energy, natural gas and renewable energy sources in energy production. Because coal is cheap and abundant in China, coal is expected to remain an energy source for many years. As China is the largest coal producer, it is the largest coal consumer as well.

  5. MADENCİLİK

    60% of the mines are operated by the state, and the investment is not made in this sector because the coal is cheap in China. Beryllium has large reserves in terms of mines such as copper and mica. Minerals such as germanium, gallium, vanadium, titanium, polycrystalline and silicon are being extracted in China, which has been a producer and exporter of rare metals in recent years.

China

İletişim Bilgileri

Room 1402(12B2),Hong Hai Building,No.2167,Zhenbei Road, Putuo District, Shanghai,China

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