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Does Your Company Have A China Strategy?

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ARE YOU READY FOR CHINA?  China is the fastest-growing major market in the world. It is now the third-largest trading nation and America’s third-largest trading partner. Total bilateral trade with the U.S. in 2005 was $243 billion. Total U.S. exports to China in 2005 were $41 billion, an increase of 19 percent over 2004. Through May 2006, U.S. exports have grown 37 percent over the same period last year. As America’s fourth–largest export market, China provides excellent opportunities for U.S. companies in a number of industries.中国大陆

china

China Economy - overview:

GDP (purchasing power parity):
$8.859 trillion (2005 est.)
GDP (official exchange rate):
$2.225 trillion (2005 est.)
GDP - real growth rate:
9.9% (official data) (2005 est.)
GDP - per capita (PPP):
$6,800 (2005 est.)
GDP - composition by sector:
agriculture: 12.5%
industry: 47.3%
services: 40.3%
note: industry includes construction (2005 est.)
Labor force:
791.4 million (2005 est.)
Labor force - by occupation:
agriculture: 49%
industry: 22%
services: 29% (2003 est.)
Unemployment rate:
9% official registered unemployment in urban areas in 2004; substantial unemployment and underemployment in rural areas; an official Chinese journal estimated overall unemployment (including rural areas) for 2003 at 20% (2005 est.)
Population below poverty line:
10% (2001 est.)
Household income or consumption by percentage share:
lowest 10%: 2.4%
highest 10%: 30.4% (1998)
Distribution of family income - Gini index:
44 (2002)
Inflation rate (consumer prices):
1.8% (2005 est.)
Investment (gross fixed):
44.4% of GDP (2005 est.)
Budget:
revenues: $392.1 billion
expenditures: $424.3 billion; including capital expenditures of $NA (2005 est.)
Public debt:
24.4% of GDP (2005 est.)
Agriculture - products:
rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton, oilseed; pork; fish
Industries:
mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, and aircraft; telecommunications equipment, commercial space launch vehicles, satellites
Industrial production growth rate:
29.5% (2005 est.)
Electricity - production:
2.19 trillion kWh (2004)
{mosgoogle} Electricity - production by source:
fossil fuel: 80.2%
hydro: 18.5%
nuclear: 1.2%
other: 0.1% (2001)
Electricity - consumption:
2.17 trillion kWh (2004)
Electricity - exports:
10.6 billion kWh (2003)
Electricity - imports:
1.546 billion kWh (2003)
Oil - production:
3.504 million bbl/day (2004)
Oil - consumption:
6.391 million bbl/day (2004)
Oil - exports:
340,300 bbl/day (2004)
Oil - imports:
3.226 million bbl/day (2004)
Oil - proved reserves:
18.26 billion bbl (2004)
Natural gas - production:
35.02 billion cu m (2003)
Natural gas - consumption:
33.44 billion cu m (2003 est.)
Natural gas - exports:
2.79 billion cu m (2004)
Natural gas - imports:
0 cu m (2004)
Natural gas - proved reserves:
2.53 trillion cu m (2004)
Current account balance:
$160.8 billion (2005 est.)
Exports:
$752.2 billion f.o.b. (2005 est.)
Exports - commodities:
machinery and equipment, plastics, optical and medical equipment, iron and steel
Exports - partners:
US 21.4%, Hong Kong 16.3%, Japan 11%, South Korea 4.6%, Germany 4.3% (2005)
Imports:
$631.8 billion f.o.b. (2005 est.)
Imports - commodities:
machinery and equipment, oil and mineral fuels, plastics, optical and medical equipment, organic chemicals, iron and steel
Imports - partners:
Japan 15.2%, South Korea 11.6%, Taiwan 11.2%, US 7.4%, Germany 4.6% (2005)
Reserves of foreign exchange and gold:
$825.6 billion (2005 est.)
Debt - external:
$252.8 billion (2005 est.)
Economic aid - recipient:

$NA

Currency (code):
yuan (CNY); note - also referred to as the Renminbi (RMB)
Currency code:
CNY
Exchange rates:
yuan per US dollar - 8.1943 (2005), 8.2768 (2004), 8.277 (2003), 8.277 (2002), 8.2771 (2001)
Fiscal year:
calendar year
Communications China
Telephones - main lines in use:
350.433 million (2005)
Telephones - mobile cellular:
334.824 million (2004)
Telephone system:
general assessment: domestic and international services are increasingly available for private use; unevenly distributed domestic system serves principal cities, industrial centers, and many towns
domestic: interprovincial fiber-optic trunk lines and cellular telephone systems have been installed; a domestic satellite system with 55 earth stations is in place
international: country code - 86; satellite earth stations - 5 Intelsat (4 Pacific Ocean and 1 Indian Ocean), 1 Intersputnik (Indian Ocean region) and 1 Inmarsat (Pacific and Indian Ocean regions); several international fiber-optic links to Japan, South Korea, Hong Kong, Russia, and Germany (2000)
Radio broadcast stations:
AM 369, FM 259, shortwave 45 (1998)
Radios:
417 million (1997)
Television broadcast stations:
3,240 (of which 209 are operated by China Central Television, 31 are provincial TV stations, and nearly 3,000 are local city stations) (1997)
Televisions:
400 million (1997)
Internet country code:
.cn
Internet hosts:
187,508 (2005)
Internet Service Providers (ISPs):
3 (2000)
Internet users:
111 million (2005)
Transportation China
Airports:
486 (2006)
Airports - with paved runways:
total: 403
over 3,047 m: 56
2,438 to 3,047 m: 127
1,524 to 2,437 m: 138
914 to 1,523 m: 22
under 914 m: 60 (2006)
Airports - with unpaved runways:
total: 83
over 3,047 m: 4
2,438 to 3,047 m: 2
1,524 to 2,437 m: 13
914 to 1,523 m: 25
under 914 m: 39 (2006)
Heliports:
32 (2006)
Pipelines:
gas 15,890 km; oil 14,478 km; refined products 3,280 km (2004)
Railways:
total: 74,408 km
standard gauge: 74,408 km 1.435-m gauge (19,303 km electrified) (2004)
Roadways:
total: 1,809,829 km
paved: 1,447,682 km (with at least 29,745 km of expressways)
unpaved: 362,147 km (2003)
Waterways:
123,964 km (2003)
Merchant marine:
total: 1,700 ships (1000 GRT or over) 20,441,123 GRT/30,808,417 DWT
by type: barge carrier 2, bulk carrier 367, cargo 709, chemical tanker 37, combination ore/oil 1, container 146, liquefied gas 29, passenger 8, passenger/cargo 84, petroleum tanker 255, refrigerated cargo 32, roll on/roll off 9, specialized tanker 8, vehicle carrier 13
foreign-owned: 14 (Hong Kong 7, Japan 2, South Korea 3, UK 1, US 1)
registered in other countries: 1,018 (The Bahamas 5, Bangladesh 1, Belize 71, Cambodia 75, Cyprus 10, Honduras 3, Hong Kong 259, India 1, Liberia 35, Malaysia 1, Malta 15, Mongolia 1, Norway 3, Panama 370, Saint Vincent and the Grenadines 106, Singapore 20, Tuvalu 13, unknown 29) (2005)
Ports and terminals:
Dalian, Guangzhou, Nanjing, Ningbo, Qingdao, Qinhuangdao, Shanghai
Military China
Military branches:
People's Liberation Army (PLA): Ground Forces, Navy (includes marines and naval aviation), Air Force (includes airborne forces), and II Artillery Corps (strategic missile force); People's Armed Police (PAP); Reserve and Militia Forces (2006)
Military service age and obligation:
18-22 years of age for compulsory military service, with 24-month service obligation; no minimum age for voluntary service (all officers are volunteers); 17 years of age for women who meet requirements for specific military jobs (2004)
Manpower available for military service:
males age 18-49: 342,956,265
females age 18-49: 324,701,244 (2005 est.)
Manpower fit for military service:
males age 18-49: 281,240,272
females age 18-49: 269,025,517 (2005 est.)
Manpower reaching military service age annually:
males age 18-49: 13,186,433
females age 18-49: 12,298,149 (2005 est.)
Military expenditures - dollar figure:
$81.48 billion (2005 est.)
Military expenditures - percent of GDP:
 


 

 
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