- Conventional long form
- People's Republic of China
- Conventional short form
- China
- Local long form
- Zhonghua Renmin Gongheguo
- Local short form
- Zhongguo
- Name
- Beijing
- Geographic coordinates
- 39 55 N, 116 23 E
- Time difference
- UTC+8 (13 hours ahead of Washington, DC, during Standard Time)
- Inflation
- 2.008%
- External debt stocks
- US$ 1,418,291,086,000
- Total tax rate (% of commercial profits)
- 68.0%
- Real Interest Rate
- 3.101%
- Manufacturing, value added (% of GDP)
- 29.738%
- Current Account Balance
- US$ 196,380,229,053
- Labor Force, Total
- 802,968,952
- Employment in Agriculture
- 28.30%
- Employment in Industry
- 29.30%
- Employment in Services
- 42.40%
- Unemployment Rate
- 4.61%
- Imports of goods and services
- US$ 1,950,366,571,269
- Exports of goods and services
- US$ 2,199,967,569,433
- Total Merchandise Trade
- 32.91%
- FDI, net inflows
- US$ 170,556,525,654
- Commercial Service Exports
- US$ 207,192,115,755
- Commodities
- electrical and other machinery, including data processing equipment, apparel, furniture, textiles, integrated circuits
- Partners
- US 18%, Hong Kong 14.6%, Japan 6%, South Korea 4.5% (2015)
- Commodities
- electrical and other machinery, oil and mineral fuels; nuclear reactor, boiler, and machinery components; optical and medical equipment, metal ores, motor vehicles; soybeans
- Partners
- South Korea 10.9%, US 9%, Japan 8.9%, Germany 5.5%, Australia 4.1% (2015)
- Country Risk Rating
- B
- Political and economic uncertainties and an occasionally difficult business environment can affect corporate payment behavior. Corporate default probability is appreciable.
- Business Climate Rating
- B
- The business environment is mediocre. The availability and the reliability of corporate financial information vary widely. Debt collection can sometimes be difficult. The institutional framework has a few troublesome weaknesses. Intercompany transactions run appreciable risks in the unstable, largely inefficient environments rated B.
- Reduced risk of external over indebtedness thanks to the high level of foreign exchange reserves and to the maintenance of a current account surplus
- Sovereign risk contained: public debt mainly domestic and denominated in local currency
- Gradual move upmarket
- Development of services
- Development of infrastructure
- High volatility in the strong market
- Social tensions linked to rising inequality
- The share of consumption in GDP remains weak: re-balancing of the Chinese growth model remains a challenge in the medium-term
- Aging of the population and gradual drying up of the abundant and cheap labor pool
- Overcapacity in certain industrial sectors and high corporate indebtedness
- Fragile Chinese banks (rapid increase in credit and deterioration in asset quality)
- Government's strategy is ambiguous on arbitrating between reform and growth
- Environmental problems