Why China?

scanning: from: time:2019-09-04 classify:Company News
In 2018, China\'s GDP reached 90 trillion yuan, equivalent to 13.6 trillion US dollars. According to IMF, the total global GDP of 2018 reached 84.8 trillion US dollars, of which China and the United States accounted for 16.1% and 24.2% respectively.From the perspective of global trade structure, China\'s foreign trade volume has maintained a rapid growth in recent years, gradually approaching the two major economies.

1、Economic strength

        China is the second largest economy in the world, also an important economic force to boost global economic growth. In 2018, China's GDP reached 90 trillion yuan, equivalent to 13.6 trillion US dollars. According to IMF, the total global GDP of 2018 reached 84.8 trillion US dollars, of which China and the United States accounted for 16.1% and 24.2% respectively.  Japan, as the third largest economy, accounted for only 5.9%.


2、Foreign trade: China is a major force in international trade. 

      From the perspective of global trade structure, China's foreign trade volume has maintained a rapid growth in recent years, gradually approaching the two major economies: US and Europe. China's share of world trade rose to 10.2% in 2017, right behind the United States (11.6%) and the euro zone (25%)



3、Import Policy Environment: Maintaining Optimizing

     In recent years, China has implemented an active import promotion strategy, actively expanded imports and promoted balanced development of foreign trade. In 2018, China cut import tariffs on selected goods several times. The overall tariff level was lowered from 9.8% to 7.5% by an average of 23%. In 2019, China will step up efforts to support the import of advanced technologies, important equipment and key components, so as to offer momentum to expand imports.


4、High Quality Development Concept: drive steady increase of foreign trade along with quality improvement

      At present, China's economy has shifted from a stage of rapid growth to a stage of high-quality development. The Chinese government is committed to supply-side structural reform to encourage Chinese industries to move towards the high-end of the global value chain. In 2018, the added value of high-tech manufacturing grew by 11.7%, and that of equipment manufacturing by 8.1%. Domestic industrial upgrading and the rapid development of strategic emerging industries have driven the import and export of relevant products and technologies. The export of high-quality, high-tech and value-added products has grown steadily.