Our Market

Below provides a profile of the Asia / Pacific regional market overall, and interesting facts and information about issues important to both China and foreign executives working in Mainland China.

Market

With 23 provinces, 5 autonomous regions and 4 municipalities, China is one of the largest country in the world with a population well over 1 billion. As the most populous country in the world, China can provide to companies an attractive opportunity to expand and explore their current businesses. 

Traditional sectors of China's economy, argiculture and industry, continues to grow while newer sectors develop, allowing other industries to prosper.

The three major sectors in China are:

Agriculture: China is the world's largest producer and consumer of agricultural goods. China produces rice, wheat, corn, peanuts and cotton, just to name a few. With technology continuing to advance, China looks to further improve agriculture production and thereby allow the sector to continue its' growth.

Industry and Manufacturing: 49.2% of China's GDP is accounted to the industry and construction sector. As one of the world's largest industrial outputs, China specializes in a variety of industries, such as:

Mining and ore processing
Iron and steel
Aluminum
Coal
Machinery
Textile and apparel
Automobiles
Telecommunications and information technology

Services: China ranks seventh worldwide in terms of service outputs. Most notably its tourism industry has been outstanding. According to WTO, China will become the largest tourist country and the fourth largest for overseas travel in 2020. The tourism industry is bound to help attract companies into expanding their businesses in China.

Geographic Profile

China occupies most of East Asia, and has a higly diverse geopraphy with hills, plains, rivers, deserts, mountains and plateaus.

Total Area:
9,640,821 km²

Population:
1,345,751,000

Capital:
Beijing

Largest city:
Shanghai

Official language:
Mandarin

Currency:
¥ Renminbi (CNY)