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Sinordica Business Development |
Background on Chinas economic statusChina is the worlds largest economy after the USA. The GDP in PPP-terms for 2002 was estimated to be USD 5.700 billion compared to Swedens USD 227 billion. The official real growth rate for 2002 was about 8 % which makes China the absolute fastest growing economy in the world. The growth rates for 2003 and 2004 are expected to be 8-10 %.China's trade volume for 2003 is expected to reach 820 billion USD, up 36 % compared to 2002. This makes China one of the world’s largest trade partners. Chinas main trade partners are Japan (16 % of Chinas total trade volume), the USA (15 %) and EU (15 %). Below is a table showing the value of Chinese foreign trade in respect to existing enterprise structure:
The FDI (Foreign Direct Investments) in China for 2003 is expected to reach a total contractual value of USD 110 billion and an actual used value of USD 60 billion. Below is a table showing the actual values and shares for most common forms of FDI during the first six months of 2003:
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