China PESTLE Insights - A Macroeconomic Outlook Report

China PESTLE Insights - A Macroeconomic Outlook Report
Summary
Mining, manufacturing and utilities activities contributed 30.6% to the gross value added (GVA) in 2022, followed by, wholesale, retail and hotels (11.0%) and transport, storage and communication (7.9%). These sectors are expected to grow by 8.3%, 8.7% and 9.0%, respectively, in 2023.

Eastern China accounts for most of the provincial GDP. Beijing, Shanghai, Jiangsu and Guangzhou are the major cities of Eastern China. Better sea connectivity has boosted manufacturing in these cities.

Key Highlights

The Shanghai SE Composite Index, widely considered a benchmark of the overall performance of stocks listed in the Shanghai stock market, has exhibited an increasing trend in the past 12 months. As of March 9, 2023, the Index stood at 3,273.2, compared to 3,256.4 on March 9, 2022.

ScopeGuangzhou, a major manufacturing hub in southern China, has announced plans for 1,722 projects in 2023 with a total value of more than 6.5 trillion yuan ($945 billion) in transport, new energy vehicles and biomedicineReasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operationsAlong with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.