Growth headwinds and complex geopolitics

B1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in January 2024.

Swipe to view more

GDP USD 17963.2bn (World ranking 2, World Bank 2022)
Population 1,412mn (World ranking 2, World Bank 2022)
Form of state
Communist party-led state
Head of state Xi Jinping (General Secretary of the Communist Party)
Next elections 2027, Legislative
Strenghts
  • Large domestic market
  • Improvement in macro-prudential management
  • External position and fiscal position (to lesser extent) are relatively solid
  • Key position in global value chains
  • New growth opportunities as the country moves up the global value chain, and the services sector develops
Weaknesses
  • High corporate debt, rising household debt
  • Strong involvement of the public sector in the economy, with occasional policy-driven disruptions
  • Continued geopolitical tensions with key countries in the region and the US
  • Competitiveness erosion for traditional (lower value-added) manufacturing sectors
  • Aging population

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
United States 16.2%
1
8.8% Taiwan
Hong Kong 8.3%
2
7.4% South Korea
Japan 4.8%
3
6.8% Japan
South Korea 4.5%
4
6.6% United States
Vietnam 4.1%
5
5.2% Australia

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 15.6%
1
21.7% Electrical machinery, apparatus and appliances, n.e.s.
Office machines and automatic data processing machines 9.9%
2
11.0% Petroleum, petroleum products and related materials
Telecommunication and sound recording apparatus 8.6%
3
10.9% Metalliferous ores and metal scrap
Miscellaneous manufactured articles, n.e.s. 7.5%
4
5.1% Office machines and automatic data processing machines
Articles of apparel & clothing accessories 5.2%
5
3.2% Non-ferrous metals
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
United States 16.2%
1
8.8% Taiwan
Hong Kong 8.3%
2
7.4% South Korea
Japan 4.8%
3
6.8% Japan
South Korea 4.5%
4
6.6% United States
Vietnam 4.1%
5
5.2% Australia

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 15.6%
1
21.7% Electrical machinery, apparatus and appliances, n.e.s.
Office machines and automatic data processing machines 9.9%
2
11.0% Petroleum, petroleum products and related materials
Telecommunication and sound recording apparatus 8.6%
3
10.9% Metalliferous ores and metal scrap
Miscellaneous manufactured articles, n.e.s. 7.5%
4
5.1% Office machines and automatic data processing machines
Articles of apparel & clothing accessories 5.2%
5
3.2% Non-ferrous metals
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East