ECONOMIC INFORMATION

 

Advertisement

Population: 1288.4m

 

Population growth: 0.7%

 

Population density (people per sq. km): 138

UN Human Development Index ranking: 94/177

Gross national income (current US$): $1417.3bn (2003)

Gross national income per capita: $1,100

PPP Gross national income: $6,435.5bn

PPP Gross national income per capita: $4,990

GDP growth: 8.4% (2003)

GDP breakdown Agriculture: 14.8%, Industry: 52.9%, Services: 32.3%

Inflation (12-month average): 2.1 (2003)

Gross capital formation as % of GDP: 42.2%

Final consumption expenditure as % of GDP (growth): 56.8% (9.4%)

Exports of goods & services as % of GDP: 33.0%

Top 3 export markets: US, Hong Kong, Japan

Local industries: Iron & steel, coal, machine building, armaments, textiles & apparel, petroleum, cement, chemical fertilizers, footwear, toys, food processing, automobiles, consumer electronics, telecommunications

WEF Growth Competitiveness ranking *: 46/104

WEF Business Competitiveness ranking **: 47/103

WEF Quality of the Business Environment ranking: 47/103

Transparency International Corruption Perceptions ranking: 71/145

Languages : Standard Chinese or Mandarin (official), regional dialects

 

 

1070.photo.jpg

 

 

FDI INFORMATION

 

Region: People’s Republic of China

No. of projects (Jan-Sep 2004): 2520

Market-share of projects in the region: 93.0%

Value of projects relative to GDP: 17.9%

Top 3 destination sectors: Chemicals, machinery & industrial goods, IT & software

Top 3 business functions: Manufacturing, sales, marketing & support, business services

Top 3 source countries: Japan, US, Germany

Top 3 investors: Toyota, LG, Formosa Plastics Group

 

 

IPA

 

Name: China Invest

Web address: www.chinainvest.gov.cn

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations