Country Profile

1. Overall environment

China is the world's second largest economy. In 2021, China's GDP reached 114,367 billion CNY. In 2021, China's foreign trade import and export scale reached 6.05 trillion US dollars. In terms of imports, high-tech products, energy and minerals, other resource products have grown steadily. In terms of exports, mechanical and electrical products, auto parts, and textiles have grown significantly.

2.Major trading partners

ASEAN, EU, US, Japan, Korea, Africa, Latin America, etc.

3.E-commerce popularity

As of December 2021, the number of Internet users in China has reached 1.032 billion. The Internet penetration rate has reached 73%. In 2021, China's cross-border e-commerce imports and exports was 1.98 trillion CNY.

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The top exports of China
The top imports of China

Competitive Industries

Manufacturing

Since 2010, the growth of China's manufacturing industry has ranked first in the world for 12 consecutive years.

Steel industry

In 2021, China's steel production exceeded over 1.2 billion tons.

Electromechanical industry

In 2021, China’s electromechanical product exports accounted for 59% of total exports, in which automatic data processing equipment and its parts, mobile phones, and automobiles have shown more growth.

Textile Industry

China is the world's largest producer and exporter of textiles and apparel.

Epec Procurement Manager

China Petrochemical International(Beijing)Co.,Ltd.
  • Contact Us:Luo Xiaohan
  • Mobile:+86-18810018219
  • Telephone:+86-10-85539043
  • Email:wzluoxh@sinopec.com
  • Address:Zone B, 10th Floor, Capital Group Plaza, No.6 Chaoyangmen North Street, Dongcheng District, Beijing, China
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