China at a snapshot
In 2010, China overtook Japan to become the world’s second-largest economy in terms of GDP,
behind the US. The opening up of China to the outside world, along with economic reforms, have
transformed Chinese society, resulting in the largest reduction of poverty and one of the fastest
increases in income levels ever seen.  China has the fastest-growing manufacturing sector in the
world and has become the preferred destination for the relocation of global manufacturing facilities.
China is also the world’s fastest growing Luxury market, ranking #3 in 2012 at US$20 billion, after the
US and Japan markets.
KEY ECONOMIC INDICATORS
(based on 2013 estimate)
Population:                 1,349,585,838 (est. July 2013)
GDP:                           US$12,61 billion         (world rank #2)
GDP Growth Rate:      7.8%                          (world rank #20)
GDP Per Capita:          US$9,300                  (world rank #124)
Inflation:                      2.6%                         (world rank #68)
Total Exports:             US$2,087 trillion         (world rank #1)
Total Imports:             US$1,735 trillion          (world rank #2)
Key Industries:            mining and ore processing, iron, steel and other metals, textiles & apparel, electronics,
               toys, consumer products, automobiles, food processing, chemicals, petroleum,
               telecommunication
Currency:                    Renmimbi (1 US$ = 6.10 CNY - 1 € = 8.34 CNY - 1 £ = 9.87 CNY)
Infrastructures:            > 182 airports open to commercial aviation, and 82 new airports under construction
          
       > 7 major seaports: Dalian, Ningbo, Qingdao, Qinhuangdao, Shanghai, Shenzhen, Tianjin
                > 1 major river port: Guangzhou
                > 6 cointaner ports: Dalian, Guangzhou, Ningbo, Shanghai, Shenzhen, Tianjin
        
        > 110,000 km. of navigable waterways
         
       > 86,000 km. of railways, including the world's highest railway linking Lhasa, the capital
                   of Tibet to the rest of China
Business opportunities in China where
MarketingthatWorks! can advise your Company for your
Foreign Market Entry Plan
"East100" by Yue Minjun
CHINA:
no longer an “EMERGING MARKET”
271                    billionaires     (China ranks #2 behind USA with >400)
1,110,000         millionaires    (China ranks #3 behind USA and Japan)
300,000,000     “middle class”
170,000,000     purchase top luxury brands
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