Macroeconomic Outlook Report: China

Macroeconomic Outlook Report: China

Summary

Mining, manufacturing and utilities activities contributed 32.8% to the gross value added (GVA) in 2023, followed by wholesale, retail and hotels activities (11.1%), agricultural activities (7.7%). In nominal terms, the three sectors are expected to grow by 7.9%, 6.7% and 6.2%, respectively, in 2024.

Eastern China accounts for most of the provincial GDP in 2023. Beijing, Shanghai, Jiangsu and Guangzhou are the major cities of Eastern China. Better sea connectivity has boosted manufacturing in these cities.

The SHCOMP index has been on a volatile trend. As of March 26, 2024, the index stood at 3,031.5, compared to 3,265.7 on March 26, 2023.

Scope

• In November 2023, the Chinese government announced a plan to invest CNY1 trillion ($140.8 billion) to support the country’s project on disaster relief and construction.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.