Identifying SOEs

Identifying SOEs

Determining the influence of the state in a given company, and what that means for investors, is a surprisingly nuanced exercise.

 
 
Source
Central bank

People's Bank of China

International Reserves

USD 3032.6 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 12,361.7 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 23,066.1 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
12.7% 14.2% 9.6% 9.2% 10.6% 9.5% 7.9%
2013 2014 2015 2016* 2017*    
7.8% 7.3% 6.9% 6.6% 6.2%    

*Estimate

GDP per capita - current prices

USD 8,928.7 (2017, estimate)

GDP per capita - PPP

Intl$ 16,660.2 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
2.33% 4.11% 7.43% 13.82% 18.3%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 8.6% 
  • industry: 40.7% 
  • services: 50.7%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

2% (2014)

 

Inflation
2013 2014 2015 2016* 2017*
2.6% 2.0% 1.4% 2.1% 2.3%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
4.1% 4.1% 4.1% 4.1% 4.1%

*Estimate

Household saving rates

38% (Total, 2014)

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
36.9% 39.8% 42.9% 46.3% 49.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-0.8% -0.9% -2.7% -3% -3.3%

*Estimate

Government bond ratings

Standard & Poor's: AA-

Moody's: Aa3

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2013 2014 2015
USD 3949.1 billion USD 6004.9 billion USD 8188 billion
Largest companies in China

ICBC, China Construction Bank, Agricultural Bank of China, Bank of China, PetroChina, China Mobile, Ping An Insurance Group, Sinopec, Bank of Communications, China Merchants Bank, China Life Insurance, Shanghai Pudong Development, Industrial Bank, China Minsheng Banking, China Citic Bank, China State Construction Engineering, SAIC Motor, China Telecom, China Pacific Insurance, CNOOC, China Everbright Bank, China Communications Construction, China Railway Group, China Shenhua Energy, Alibaba, China Railway Construction, People's Insurance Company, China Vanke, Dalian Wanda Commercial Properties, Tencent Holdings, China Unicom, CRRC, Huaxia Bank, Bank of Beijing, New China Life Insurance, Citic Securities, Poly Real Estate, Greenland Holdings Group, Huaneng Power International, Haitong Securities, China Huarong Asset Management, Baidu, Evergrande Real Estate, Sinohydro Group, China Cinda Asset Management, Midea Group, Fosun International, Metallurgical Corp of China, Country Garden Holdings, GF Securities, China Reinsurance Group, Dongfeng Motor Group, Guosen Securities, Huatai Securities, China Eastern Airlines, Legend Holding, Daqin Railway, Guotai Junan Securities, China Merchants Shekou Industrial Zone Holdings, Shenwan Hongyuan Group, Bank of Nanjing, Huadian Power International, Kweichow Moutai, China Zheshang Bank, China Southern Airlines, China Yangtze Power, Gree Electric Appliances, China Merchants Securities, China Galaxy Securities, Shengjing Bank, Longfor Properties, China Energy Engineering, Bank of Ningbo, Anhui Conch Cement, GD Power Development, BYD, Baoshan Iron & Steel, Shanghai Electric Group, Orient Securities, CGN Power, Chongqing Changan Auto, Great Wall Motor, JD.com, Datang International Power, Guangdong Wens Foodstuffs Group, Sinopharm Group, China Fortune Land Development, Zhejiang Zheneng Electric Power, Chongqing Rural Bank, Lenovo Group, China Shipbuilding Industry, BOE Technology Group, Everbright Securities, Shanghai International Port, Huishang Bank, Aluminum Corp of China, Xiamen C&D, Inner Mongolia Yili, Qingdao Haier, China National Nuclear Power, Guangzhou R&F, Suning Appliance, China Coal Energy, SDIC Power Holdings, BAIC Motor, TCL Corp, Founder Securities, Gemdale, China National Building, Shanghai Pharmaceuticals, Bank of Tianjin, Ctrip.com International, Sinotex Investment & Development, China Gezhouba, Hikvision, Guangzhou Automobile Group, Bank of Jinzhou, Netease, Harbin Bank, Shanghai Construction, Shenzhen Overseas, China Cosco Holdings, Zijin Mining Group, Wuliangye Yibin, Industrial Securities, Jiangxi Copper, China Hongqiao Group, Jiangsu Yanghe Brewery, Hebei Iron & Steel, Hainan Airlines, Bank of Chongqing, Yanzhou Coal Mining, Bank of Zhengzhou, Inner Mongolia Baotou Steel, AVIC Capita, BBMG, China International Marine, China National Chemical, Wuhan Iron & Steel, Changjiang Securities, Weichai Power, Hengan International Group, China Grand Automotive Services, China Longyuan Power, Want Want China, China Mengniu Dairy, China Communications Services, Oceanwide Holdings, Sino-Ocean Land Holdings, Zhengzhou Yutong Bus, SINOPEC Engineering (Group), Southwest Securities, BesTV New Media, Ningbo Port, Foshan Haitian Flavouring and Food Company, Kangmei Pharmaceutical, Sunac China Holdings, Shaanxi Coal Industry, Financial Street Holdings, Jiangsu Hengrui Medicine, Kaisa Group Holdings, New Hope Liuhe, AAC Technologies Holdings, China National Materials, Zhejiang Material Industrial Zhongda Yuantong Group, China Power International Development, Yunnan Baiyao Group, Dali Foods Group, Shanxi Taigang Stainless, GCL System Integration Technology, Red Star Macalline Group, Dongxing Securities, Focus Media Information Technology, Angang Steel, Youngor Group, Heilan Home, Shanghai Chengtou Holding, Tingyi Holding, Tongling Nonferrous Metals, Bank of Qingdao, Shanghai International Airport, RiseSun Real Estate Development, Xinjiang Goldwind Science & Technology, Leshi Internet Information & Technology Corp. Beijing, Shanghai Industrial Holdings, Zhuzhou CSR Times Electric, Shanghai RAAS Blood Products, Western Securities, Bohai Financial Investment Holding, Vipshop Holdings, Soochow Securities, East Money Information, Guangdong Electric Power, Wanda Cinema Line, China Great Wall Computer, Sichuan Chuantou Energy, Beijing Capital Development, Wintime Energy, Pang Da Automobile Trade, China Agri-Industries.

 
 
Source
Current account balance

US$ 224.336 billion (2014 estimate)

Current account balance by percentage of GDP

2.237% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

26.4% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

11.13% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

4.35% (2012)

(Data were released in 2014)

Total exports

US$2.210 trillion (2013 estimate) 

Export commodities

electrical and other machinery, including data processing equipment, apparel, radio telephone handsets, textiles, integrated circuits

Total imports

US$1.950 trillion (2013 estimate) 

 
 
Source
Import commodities

electrical and other machinery, oil and mineral fuels; nuclear reactor, boiler, and machinery components; optical and medical equipment, metal ores, motor vehicles; soybeans

Exports - major partners

Hong Kong 17.4%, US 16.7%, Japan 6.8%, South Korea 4.1% (2013 est.)

Imports - major partners

South Korea 9.4%, Japan 8.3%, Taiwan 8%, United States 7.8%, Australia 5%, Germany 4.8% (2013 est.)

FDI inflows
2011 2012 2013
US$ 123,985 million US$ 121,080 million US$ 123,911 million
FDI outflows
2011 2012 2013  
US$ 74,654 million US$ 87,804 million US$ 101,000 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 30,524 million US$ 37,111 million US$ 37,930 million US$ 50,195 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Sinopec Group, Galp Energia SGPS SA, Portugal, 4.8; China Three Gorges Corp, EDP, Portugal, 3.5
 

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

China National Offshore Oil Co, Nexen Inc, Canada, 19.1; Shuanghui Intl Hldg Ltd, Smithfield Foods Inc, United States, 4.8; CNPC, Eni SpA, Italy, 4.2; Sinopec Group, Apache Corp, United States, 3.0

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 96 out of 189 countries (2013)

Subcategories:

Starting a business: 158 out of 189 countries

Enforcing Contracts: 19 out of 189 countries

Registering Property: 48 out of 189 countries

Getting credit: 73 out of 189 countries

Protecting investors: 98 out of 189 countries

Trading across border: 74 out of 189 countries

Paying Taxes: 120 out of 189 countries

Dealing with Construction Permits: 185 out of 189 countries

Getting Electricity: 119 out of 189 countries

Resolving Insolvency: 78 out of 18 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

28

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 137 Score: 52.5 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+8 (one time zone)

Total area

9,596,960 sq km

Capital

Beijing

Currency

Renminbi yuan (RMB)

Government type

Communist state

Languages

Standard Chinese or Mandarin (official; Putonghua, based on the Beijing dialect), Yue (Cantonese), Wu (Shanghainese), Minbei (Fuzhou), Minnan (Hokkien-Taiwanese), Xiang, Gan, Hakka dialects, minority languages (see Ethnic groups entry)

Religions

Buddhist 18.2%, Christian 5.1%, Muslim 1.8%, folk religion 21.9%, Hindu < .1%, Jewish < .1%, other 0.7% (includes Daoist (Taoist)), unaffiliated 52.2%

Total population
1990 2000 2010 2014* 2019**
1.143 billion 1.267 billion 1.341 billion 1.368 billion 1.402 billion

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
16% 19% 36% 53%
Population median age

336.7 years (2014 est.)

Population growth rate

0.44% (2014 est.)

Life expectancy

75.15 years (2014 estimate)

Adult literacy

95.1% (2010 estimate)

% of population living on less than $2 a day

18.6% (2011)

Inequality of wealth distribution (Gini index)

42.1 (2010)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 7
Civil Liberties: 6 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 19.3%   Mobile 88.7% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

45.80% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Beijing 11th (2014)

CO2 emissions(Metric tons of CO2 per capita)

6.2 (2010)

World's Best Developed & Emerging Markets Banks

World's Best US Regional Banks

World's Best Global Banks

World's Best Internet Banks

World’s Best Treasury & Cash Management Providers

World's Best Supply Chain Finance Providers

Safest Emerging Markets Banks

World's Best Subcustodian Banks

World’s Best Investment Banks

World's Safest

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

World’s Best Trade Finance Banks

Stars of China

Best of…

World's Biggest Banks

Additional Awards