China Country Brief - December 2011.pdf - PrcLive

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CONTENTSKEY INDICATORS 3OVERVIEW 3POLITICAL 4BILATERAL TRADE 5SECTOR OPPORTUNITIES 5USEFUL WEBSITES 6CONTACTS 112/Exporter Guide | China | Country Brief | December 2011
KEY INDICATORSECONOMIC INDICATORPopulationGDPGDP Growth RateGDP Per CapitaInflationCHINA1.35 billion (2011 est.)US$6,988 billion (2011 est.)9.5% (2011 est.)US$5,184 (2011 est.)5.5% (2011 est.)Total Imports US$1.39 trillion (2010)Total Exports US$1.58 trillion (2010)Currency1 Chinese Yuan (Renminbi) = 100 fenExchange Rate NZ$1 = RNB 5.12US$1 = RNB 6.36Source: IMF World Economic Outlook Database, Global Trade Atlas, XE currency converter www.xe.comOVERVIEWChina and New ZealandChina is New Zealand’s second-largest trading partner, as well as a major source ofmigrants, students and tourists. In 2008, New Zealand became the first and only OECDcountry to conclude a Free Trade Agreement (FTA) with China. Since the signing of theFTA, New Zealand’s exports to China have grown by 152 percent, from NZ$2.3 billion (YESeptember 2008) to NZ$5.8 billion (YE September 2011), a figure which substantiallyexceeds pre-FTA modelling of potential export growth. Dairy products account for over athird of all exports to China, with other key exports being wood, wool, seafood and meat. iService sector exports are also growing, with education and tourism the majorcontributors. China was New Zealand’s largest market for foreign students in 2010. iiEconomyEconomic reforms and the opening up of China to the outside world have transformedChinese society, resulting in the largest reduction of poverty and one of the fastestincreases in income levels ever seen. In 2010, China overtook Japan to become theworld’s second-largest economy in terms of gross domestic product (GDP), behind theUnited States. iii For foreigners the transformation provides unprecedented businessopportunities.3/Exporter Guide | China | Country Brief | December 2011
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Page 5 and 6: country to achieve a US$1 trillion
Page 7 and 8: civil airports in 2006, compared wi
Page 9 and 10: product lines, while retaining R&D,
Page 11 and 12: CONTACTSNew Zealand Trade and Enter
Page 13: iGlobal Trade Atlas, www.gtis.comii

China Country Brief - December 2011.pdf - PrcLive

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