China PESTLE Insights – A Macroeconomic Outlook Report
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China PESTLE Insights Report Overview
The GDP of China was $17.8 trillion in 2023 and the country ranked 52nd out of 153 nations in the GCRI Q3 2023. On March 11, 2024, China’s parliament amended a law to enhance the Communist Party’s control over the State Council and China’s cabinet following the cancellation of the premier’s post-parliament news conference for the first time in thirty years.
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The China PESTLE insights report consists of the country’s snapshot, risk factors about the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure, and natural and geographic aspects that might impact business.
GDP 2023 | $17.8 trillion |
Key Landscape | · Political Landscape
· Economic Landscape · Social Landscape · Technological Landscape · Environmental Landscape |
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China Macroeconomic Key Sector’s Contribution to the Economy
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PESTLE Insights of the China Macroeconomic Outlook Report
Political Landscape: Xi Jinping has been elected to an unprecedented third term as the President of China by the National People’s Congress (NPC) in March 2023. The vote was unanimous and there was no other candidate in the election. Xi has consolidated his power in recent years and is widely considered to be the most powerful Chinese leader since Mao Zedong. The continued leadership is likely to have significant implications for China’s domestic and foreign policies.
Economic Landscape: In 2023, the economy of China expanded by and will grow more than 4% in 2024. In April 2024, the National Development and Reform Commission (NDRC), China’s leading economic planner unveiled a set of stimulus measures to enhance the economy following the country’s Q1 2024. According to officials, the government’s work plan includes supportive measures such as streamlining investment plans from the central budget and encouraging additional treasury bond issuances to bolster growth for the remainder of the year.
Key Landscape Analysis in the China PESTLE Insights Report
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Scope
In November 2023, the Chinese government announced a plan to invest CNY1 trillion ($140.8 billion) to support the country’s project on disaster relief and construction.
Key Highlights
The SHCOMP index has been on a volatile trend. As of March 26, 2024, the index stood at 3,031.5, compared to 3,265.7 on March 26, 2023.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potential of the country as an investment destination by analyzing the political, economic, social, technological, legal, and environmental (PESTLE) structure.
- PESTLE Insights provides a 360-degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials, and the direction of operations.
- Along with providing the country’s snapshot, the report captures the risk factors about 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’s GDP and population along with major companies’ presence in these areas.
PetroChina
Baosteel
Vanke
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Frequently asked questions
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What was China's GDP in 2023?
China’s GDP was $17.8 trillion in 2023.
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What was China’s rank in the GCRI Q3 2023?
China ranked 52nd out of 153 nations in the GCRI Q3 2023.
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Which are the key landscapes in the China PESTLE Insights report?
A few of the key landscapes in China’s PESTLE insights report are the political landscape, economic landscape, social landscape, technological landscape, and environmental landscape among others.
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