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Economy of China

Population: 1.37 billion in 20131

GDP: $9.24 trillion in 20132

GDP per capita: $6,807 nominal3 ($11,904 PPP4) in 2013

GDP growth rate: 7.4% in 20145


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities2,01427.5%
Wholesale, retail trade, restaurants and hotels81411.1%
Agriculture, hunting, forestry, fishing73510.0%
Mining and utilities5868.0%
Transport, storage and communication3474.7%
Total value added7,322100%


Unemployment rate: 4.1% in Sept 20147

Employment by Industry in 20128

Employment sectorPercent of total


Top 10 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Sinopec Group46411.5222Energy
3State Grid3308.3414Energy
4Industrial & Commercial Bank of China14742.33,046Finance
5China Construction Bank12334.62,473Finance
6Agricultural Bank of China11527.02,405Finance
7China State Construciton Engineering1101.8131Construction
8Bank of China10424.32,234Finance
9China Mobile Communications10119.4187Telecommunications
10Nobel Group820.220Diversified

* Corporate data calculated using the exchange rate 6.21 CNY = 1 USD


Household Wealth: $21.4 trillion (231% of GDP) in 201410

Household Wealth per Adult: $21,330 in 201410

Gini Coefficient: .473 in 201311


Central Government

Central Government Revenue: $2.12 trillion (23% of GDP) in 201312

Central Government Expenditure: $2.29 trillion (25% of GDP)in 201312

Central Government Budget Balance: -174 billion (-2% of GDP) in 201312

Central Government Public Debt: $1.40 trillion (15% of GDP) in 201213

Central Government 10 Year Bond Interest Rate: 3.57% on Jan 15, 201514

Public Funds

China Investment Corporation: $575 billion (6% of GDP) in 201415

State Administration of Foreign Exchange: $300 billion (3% of GDP) in 201415

National Social Security Fund: $180 billion (2% of GDP) in 201415

Tax Structure

Personal Income Tax Rates and Thresholds in 2013*16

* Thresholds calculated using the exchange rate 6.21 CNY = 1 USD

Corporate Tax Rate: 25% in 201417

Monetary Policy

Monetary Base (M0): $928 billion (10% of GDP) in Nov 2014* 18

Benchmark Interest Rate: 5.60% on Nov 21, 201419

Total Reserves: $3.88 trillion (42% of GDP) in 201320

Exchange Rate: 6.21 Chinese Yuan = 1 U.S. Dollar on Jan 7, 201521

Inflation: 1.4% in Feb 201522

* Monetary base caluclated using the exchange rate 6.21 CNY = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201323

RankFinancial InstitutionAssets ($ billions) 12/31/13
1Industrial & Commercial Bank of China3,126
2China Construction Bank2,538
3Agricultural Bank of China2,406
4Bank of China2,293
5China Developement Bank1,322
6Bank of Communications984
7Postal Savings Bank of China* 812
8China Merchants Bank663
9Shanghai Pudong Development Bank608
10Industrial Bank608

* Postal Savings Bank of China data is from 12/31/12

International Accounts

Exports: $2.21 trillion (24% of GDP) in 201324

Imports: $1.95 trillion (21% of GDP) in 201324

Trade Balance: $260 billion (+3% of GDP) in 201324

Foreign Direct Investment Inflow: $258 billion (3% of GDP) in 201325

Foreign Direct Investment Outflow: $73 billion (1% of GDP) in 201325

Foreign Aid Inflow: $2.5 billion (0.03% of GDP) in 201026

Foreign Aid Outflow: $6.6 billion (0.1% of GDP) in 201327


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: Reuters (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: Reuters (Unemployment rate Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Wall Street Journal (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds (Public funds) Go back
16. Source: PKF Tax Guide (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rates) Go back
18. Source: Federal Reserve Bank of St. Louis (Money supply) Go back
19. Source: Reuters (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Yahoo Finance (Exchange rate) Go back
22. Source: BBC News (Inflation) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: OECD FDI in Figures (FDI data) Go back
26. Source: NBC (Aid inflow) Go back
27. Source: Global Humanitarian Assistance (Aid outflow) Go back