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Get to know China

Integration into the Global Economy

Since its accession to the WTO, China has quickened it integration into the global economy while its foreign trade has been further invigorated. In 2010 the total value of China’s export was 1.5778 trillion U.S.dollars, showing an a 17.2 percent annual growth on average, and the total value of its import was 1.3962 trillion U.S dollars, showing a 16.4 percent annual growth on average. In 2010, the total volumes of China’s export and import accounted for 10.4 percent and 9.1 percent of the world’s total, respectively. By the end of 2010 China had been the world’s largest exporter and second-largest importer for two consecutive years.

China’s trade partners have increased from a small number of countries and regions in 1978 to 231 countries and regions now. The European Union(EU), the United States, the Association of Southeast Asian Nations(ASEAN), Japan, and other BRIC countries have become China’s major trade partners. In China’s total trade in goods from 2005 to 2010 the proportion of trade with ASEAN increased from 9.2 percent, with Latin America from 3.5 percent to 6.2 percent, and with Africa from 2.8 percent to 4.3 percent.

(Chinese Import and Export Commodities Fair )

(China enterprise International Private Equity Forum)

Rich Human Resources and Favorable Policies——A Paradise for Foreign Investment

In 2012, there were 24925 foreign companies investing in China and FID of 111.72 billion USD was absorbed, making China the second largest country that attracts FID in the world. All that could be attributed to the rich natural and human resources of China and the favorable policies given by Chinese governments.

China boasts an immense territory and a varieties of natural resources. China also has a population of 1.3 billion which contents rich and low-cost human resources. As Chinese government have issued some policies to expend domestic demand,  such large population means huge consuming potential. As it accelerated it integration into the global division of labor, China has gradually developed into a major producer and exporter of industrial products relying o n its labor cost advantage, relatively strong industrial supporting, processing and manufacturing capabilities, and increasing labor productivity. It provides inexpensive and quality commodities to meet the diverse demands of the international market.

To honor its commitments upon entry into the WTO, China expanded its opening-up in the field of industry, agriculture and the services trade, and accelaterated trade and investment facilitation and liberalization. Meanwhile, the state deepened the reform of its foreign trade system, improved its foreign trade legal system, reduced trade barriers and administrative intervention, rationalized government responsibilities in foreign trade administration, made government behavior more open, more impartial and more transparent, and promoted the development of an open economy to a new stage.

(The  world's largest iphone production line)   

Perfect Civil Infrastructure

China’s infrastructure construction that has been developing rapidly over the past three decades also ensures a good business environment for foreign enterprises. A network of highway and railway spreads over the whole nation with waterway transportation being its complement. By the end of November 2012, the number of China’s accredited civil airports has reached 183. By 2015, there will be another 82 new civil airports and 101 existing ones will be expanded. The total number of civil airports in China will reach 264. Furthermore, it is estimated that presently there are 651 five-star hotels in China and this number is expected to surpass 1,000 by 2015. China’s burgeoning hotel industry is capable of providing convenient and comfortable accommodation to foreign merchants.      

Shanghai Tower

(Rail motor coach