China

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China

rohan-deshpande
Rohan Deshpande

Country Expert

China Statistics

It is the largest country in Asia, and has the highest population of any country in the world. Of the world’s major countries, only Russia and Canada exceed China in territory, and it is nearly as big as the whole of Europe. China is one of the few existing countries with more than 4,000 years of recorded history that also flourished economically and culturally in the earliest years.
China’s population is 1.38 billion, more than any other nation in the world. In terms of living standards China remains a relatively poor country. Its economy yields just $10,870 per person. By contrast, the U.S. gross domestic product per capita is $67,430.4China ‘s low living standards allow businesses there to pay less to their employees than American workers receive. That makes products cheaper, which lures producers overseas to outsource jobs to China. They then ship the finished goods to China’s largest trading partner, the United States.
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GDP Per Growth
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Population (2019)
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Area in Km.Sq.
Import Of China:

China imported $1.54 T in 2018 making it the world’s 2nd biggest importer. Following the United State
Main Import Countries

Export Of China:

China exported goods worth more than $2.4 trillion in total, and imported goods worth $2.03 trillion in value. Following the United State
Main Export Countries

Major Sectors

Automotive Industry Services Agriculture Sector E-commerce Sector Automotive industry

China produces and sells more consumer products than any other country on the planet. Chinese goods range includes iron , steel, aluminum, textiles, cement , chemicals, toys , electronics, rail cars, ships, planes, and many other items. As of 2015, manufacturing has become the country's largest and most diverse market.

  • The manufacturing in china is goes towards with the high technology and it is very complex.
  • China is the largest workforce for manufacturing with over 115 million workers
  • The average of Chinese worker in manufacturing is earning 0.85 dollar per an hour
  • More than 75 percent worlds umbrellas were made in China
  • 10 percent of the US goods are manufacturing in China.
  • China is a world leader in many kinds of commodities. For example , Chinese companies are producing nearly 80 per cent of all air conditioner units. China produces 45 times more personal computers per person than the rest of the world combined.
    China is a powerhouse in manufacturing. The economy also supplies machinery, cement, food processing, transportation equipment (trains , planes, and automobiles), consumer goods, and electronics in addition to its large textile manufacturing sector. The Chinese software industry grew by over 12.2% from 2018 to 2019, generating revenue of approximately $1.1 trillion.

    In 2019, the agricultural sector had contributed around 7.1 percent to the GDP of China, whereas 39.0 percent of the economic value added had originated from the industry and 53.9 percent from the service sector, respectively. As of 2013, only the United States and Japan boasted a higher service output than China, which represents a significant shift for the country. A healthy services sector is a sign of healthy domestic consumption and per capita wealth increases; in other words, the Chinese people are gaining the capacity to afford their own output.
    A 2010 world study found the services sector accounted for 43% of total Chinese production, slightly less than its manufacturing sector. However, there are still more Chinese employed in agriculture than in services, which is a rarity for more developed countries. Before economic reform in 1978, shopping malls and private retail markets did not exist in China. As of 2015, however, there is a young and burgeoning services market. This has bolstered tourism and led to a proliferation of Internet and phone products.
    Large foreign companies, such as Microsoft and IBM, have even entered the Chinese service markets. These kinds of moves help to jumpstart the telecommunications industry, cloud computing, and e-commerce.

    China ranks first in worldwide farm output, primarily producing rice, wheat, potatoes, tomato, sorghum, peanuts, tea, millet, barley, cotton, oilseed, corn and soybeans.Chinese set the global standard is in agriculture.
    There are nearly 300 million Chinese farmers, larger than the entire population of every country except China, India and the U.S. Rice is the dominant agricultural product in China, but the country is also very competitive in wheat, tobacco, potatoes, peanuts, millet, pork, fish, soybeans, corn, tea, and oilseeds. Farmers also export large amounts of vegetables, fruits and novel meats to nearby countries and regions, Hong Kong in particular.China was to ensure additional purchases of U.S. agriculture products by $32 billion over two years, $12.5 billion in 2020 over the 2017 baseline of $24 billion and $19.5 billion over that baseline in 2021.
    Chinese exports of agri-food commodities amounted to USD 64.83 billion in 2019. It increased by 85% in comparison to 2005. The share of China in global agri-food exports was equal to 4.1%The volume of exports amounted to 45.13 million tons and increased by 34% in comparison to 2005Agri-food commodities are responsible for approx. 7% of the total volume of Chinese exports and only 2.5% of their value

    China is one of the largest e-commerce markets and adopters of digital technologies in the world. In 2013, it overtook the US to emerge as the largest e-commerce market. In FY17, China had over 750 million Internet users and a penetration of nearly 55%. Its online retail market is expected to grow from 17% of total retail sales in 2017 to 25% by 2020. Other Asian markets such as India are on track to follow China’s growth trajectory. The China ecommerce market is the largest in the world with a volume of 1.94 trillion USD in 2019. That is plus 27% year over year and a quarter of China’s total retail sales volume. As such, China’s ecommerce sector is more than three times the size of the US market, which ranks second.

    China remains the world’s largest automotive manufacturing country and automotive market since 2009. In 2018, annual vehicle production in China accounted for over 30 percent of worldwide vehicle production, which exceeds that of the European Union or that of the United States and Japan combined.
    China’s production of NEVs grew from about 17,500 units in 2013 to over one million units in 2018. 25.72 million vehicles was produced. From which 3.39% Share of passenger car exports in the production output. China Has 28.02% share of global production capacity of the automobile industry. China is the largest producer of electric vehicle. 220,000 plug-in hybrid electric vehicles produced in 2019.The Chinese traditional "Big Four" car manufacturers are SAIC Motor, Dongfeng, FAW and Chang'an. Other Chinese car manufacturers are Geely, Beijing Automotive Group, Brilliance Automotive, Guangzhou Automobile Group, Great Wall, BYD, Chery and Jianghuai (JAC).

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