Doing business in China

China: Introduction

Capital: Beijing

Population: 1,373,541,278 (2016 estimate)

Official language and national language: Standard Chinese

Recognised regional languages: Mongolian; Tibetan; Uyghur; Zhuang; various others

National Currency: Renminbi (yuan; ¥)

Area: 9,596,961 km²

Latest updates of the China business environment

  • GDP growth not viewed by China leaders as the only indicator of economic development, so a gradual slow-down of GDP growth is expected
  • Conflict between RMB appreciation and domestic inflation
  • Everyone talks about “bubble” especially in property and stock markets
  • More promising opportunities in 2nd or 3rd tier cities because of the urbanisation promotional policies from Xi’s government