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CHINA
The leeway for policy support is declining
MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD 14342bn (World ranking 2, World Bank 2019) |
Population | 1397mn (World ranking 1, World Bank 2019) |
Form of state |
One-party state |
Head of state |
Xi Jinping (General Secretary of the Communist Party) |
Next elections |
None |
![](/content/dam/onemarketing/ehndbx/eulerhermes_com/en_gl/erd/icon/plus.png)
- Large domestic market
- Improvement in macro-prudential management
- External position and fiscal position (to lesser extent) are relatively solid
- New growth opportunities as the country moves up the global value chain, and the services sector develops
- Increasing market orientation and opening of the domestic market
![](/content/dam/onemarketing/ehndbx/eulerhermes_com/en_gl/erd/icon/minus.png)
- High corporate debt, rising household debt
- Industrial overcapacity
- Strong involvement of the public sector in the economy
- Continued geopolitical tensions with key countries in the region and the U.S.
- Competitiveness erosion for traditional manufacturing sectors
- Aging population
Trade structure by destination/origin
(% of total)
Exports | Rank | Imports |
---|---|---|
United States
18.0%
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1 |
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Hong Kong
14.6%
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2 |
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Japan
6.0%
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3 |
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Korea, Republic of
4.4%
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4 |
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Germany
3.0%
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5 |
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Trade structure by product
(% of total)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
13%
|
1 |
20%
Electrical machinery, apparatus and appliances, n.e.s.
|
Telecommunication and sound recording apparatus
12%
|
2 |
9%
Petroleum, petroleum products and related materials
|
Office machines and automatic data processing machines
9%
|
3 |
9%
Metalliferous ores and metal scrap
|
Articles of apparel & clothing accessories
8%
|
4 |
5%
Professional and scientific instruments, n.e.s.
|
Miscellaneous manufactured articles, n.e.s.
7%
|
5 |
5%
Road vehicles
|
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Low
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Medium
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Sensitive
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High
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Payments
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Court proceedings
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Insolvency proceedings
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Payments
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Court proceedings
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Insolvency proceedings
The court system is complex and suffers from a lack of transparency, delays and high costs. As enforcement results are poor, amicable or non-litigation collection is the preferred option.
The insolvency framework is complex, with liquidation as the default procedure.
LATEST NEWS ABOUT CHINA
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Global trade: Battling out of demand and price shocks
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Economic Outlook: Energy, trade and financial shockwaves
The Russian invasion of Ukraine has brought back significant headwinds to the global economic recovery and raised wider geopolitical risks.
Russia-Ukraine crisis: conflict escalation
De-escalation depends on three channels of transmission: energy, finance and trade.
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