Country Report China

Rebalancing of the economy to more domestic consumption necessary

• Governmental measures to cool down the economy will slow growth to 9% in 2011 and 8.7% next year.
• In order to combat inflation (5% in 2011), monetary policy tightening will continue.
• Increasing risks in the financial sector due to banks' exposure to local government loans and to the overheated property market.
• Lower margins for Chinese exporters, and the steel/metals, food, textiles and shipping industry face challenges.
• Businesses involved in new energy, pharmaceutical, and infrastructure will continue to benefit from government support..

Real GDP growth (%)

Source: EIU / IMF

Fiscal balance (% of GDP)

 Source: EIU / IMF

   Download full country report on China

Download full country report on China

 
General Information

Capital: Beijing
Government type: Communist State
Currency: Yuan (CNY) also referred to as Renminbi (RNB)
Population: 1.34 billion
Status: Lower middle income country
(GDP/capita: US$5,017 in 2011)
 
Main import sources (2010)

• Japan: 12.7%
• South Korea: 9.9%
• Taiwan: 8.3%
• USA: 7.3%
• Germany: 5.3%

Main export markets (2010)

• USA: 18.0%
• Hong Kong: 13.8%
• Japan: 7.7%
• South Korea: 4.4%
• Germany: 4.3%

 _________________
Date: June 2011