Stars of China 2014

Stars of China 2014

In the November 2014 issue, Global Finance will honor the best Chinese banks, companies and executives in our exclusive, 7th annual, Stars of China special report.  To submit for participation, please see more for details.

Central bank

The People's Bank of China

International Reserves

US$ 3.255 trillion (Source: IMF; Data updated: 2012)

Gross Domestic Product - GDP

US$ 7.992 trillion (2011 estimate)

GDP (Purchasing Power Parity)

12.387 trillion of International dollars (2011 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
8.3% 9.1% 10.1% 10.1% 11.3% 12.7% 14.2% 9.6%
2009 2010 2011 2012*        
9.2% 10.4% 9.2% 8.2%        


GDP per capita - current prices

US$ 5,899 (2011 estimate)

GDP per capita - PPP

$9,143 International Dollars (2011 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
2.19% 3.89% 7.15% 13.58% 17%


GDP - composition by sector

(Data released on February 2012)

  • agriculture: 9.6% 
  • industry: 47.1% 
  • services: 43.3% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)


(Data released on March 2012)

2009 2010 2011 2012*
-0.7%(2008) 3.3% 5.4% 3.3%


Unemployment rate
2009 2010 2011 2012*
4.3% 4.1% 4%(2009) 4%


Household saving rates


(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
17% 17.7% 33.5% 25.8% 22%


Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-0.4% -3.1% -2.3% -1.2% -1.3%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AA-

Moody's rating: Aa3

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$5.008 trillion US$4.763 trillion US$3.389 trillion
Largest companies in China

China Southern Airlines (Airline), China Eastern Airlines (Airline), Hainan Airlines (Airline), Aluminum Corp of China (Aluminum), GF Securities (Apparel/Footwear Retail), SAIC Motor (Auto & Truck Manufacturers), Dongfeng Motor Group (Auto & Truck Manufacturers), Guangzhou Automobile (Auto & Truck Manufacturers), BYD (Auto & Truck Manufacturers), Great Wall Motor (Auto & Truck Manufacturers), Huayu Automotive (Auto & Truck Manufacturers), Kweichow Moutai (Beverages), Wuliangye Yibin (Beverages), Jiangsu Yanghe Brewery (Beverages), Luzhou Laojiao (Beverages), ZTE (Communications Equipment), Suning Appliance (Computer & Electronics Retail), Lenovo Group (Computer Hardware), Tencent Holdings (Computer Services), Baidu (Computer Services), (Computer Services), Anhui Conch Cement (Construction Materials), China National Building (Construction Materials), BBMG (Construction Materials), CCCC-China Communications Construction (Construction Service), China State Construction (Construction Service), China Railway Group (Construction Service), China Railway Construction (Construction Service), MCC (Construction Service), Sinohydro Group (Construction Service), Shanghai Construction (Construction Service), TCL Corp (Consumer Electronics), Great Wall Technology (Consumer Electronics), Ping An Insurance Group (Diversified Insurance), China Shenhua Energy (Diversified Metals & Mining), China Coal Energy (Diversified Metals & Mining), Yanzhou Coal Mining (Diversified Metals & Mining), Jiangxi Copper (Diversified Metals & Mining), Zijin Mining Group (Diversified Metals & Mining), Inner Mongolia Yitai (Diversified Metals & Mining), Xishan Coal & Electricity (Diversified Metals & Mining), Shanxi Lu'an Environmental (Diversified Metals & Mining), Jizhong Energy Resources (Diversified Metals & Mining), Yang Quan Coal Industry (Diversified Metals & Mining), China Hongqiao Group (Diversified Metals & Mining), Inner Mongolia Rare-Earth (Diversified Metals & Mining), Shandong Gold-Mining (Diversified Metals & Mining), China Longyuan Power (Diversified Utilities), Sinovel Wind Group (Diversified Utilities), Huaneng Power Intl (Electric Utilities), China Yangtze Power (Electric Utilities), Datang International Power (Electric Utilities), GD Power Development (Electric Utilities),Huadian Power International (Electric Utilities), Dongfang Electric (Electrical Equipment),Tingyi Holding (Food Processing), Want Want China (Food Processing), Inner Mongolia Yili (Food Processing), Henan Shuanghui Investment (Food Processing), Sun Art Retail Group (Food Retail), Zoomlion Heavy Industry (Heavy Equipment), Shanghai Electric Group (Heavy Equipment), Weichai Power (Heavy Equipment), Sany Heavy Industry (Heavy Equipment), CSR (Heavy Equipment), China CNR (Heavy Equipment), China International Marine (Heavy Equipment), China CSSC Holdings (Heavy Equipment), China Shipbuilding Industry (Heavy Equipment), Yangzijiang Shipbuilding (Heavy Equipment), Shenzhen Overseas (Hotels & Motels), Gree Electric Appliances (Household Appliance), GD Midea Holding (Household Appliance), Qingdao Haier (Household Appliance), Hengan International Group (Household/Personal Care), Citic Securities (Investment services), Haitong Securities (Investment services), Huatai Securities (Investment services), China Merchants Securities (Investment services), Everbright Securities (Investment services), Baoshan Iron & Steel (Iron & Steel), Angang Steel (Iron & Steel), Fosun International (Iron & Steel), Hebei Iron & Steel (Iron & Steel), Wuhan Iron & Steel (Iron & Steel), Shanxi Taigang Stainless (Iron & Steel), Panzhihua New Steel & Vanadium Co. Ltd. (Iron & Steel), Hunan Valin Steel (Iron & Steel), Maanshan Iron & Steel (Iron & Steel), Inner Mongolia Baotou Steel (Iron & Steel), China Life Insurance (Life & Health Insurance), China Pacific Insurance (Life & Health Insurance), New China Life Insurance (Life & Health Insurance), ICBC (Major Banks), Bank of China (Major Banks), Bank of Communications (Major Banks), China Merchants Bank (Major Banks), PetroChina (Oil & Gas Operations), Sinopec-China Petroleum (Oil & Gas Operations), China Oilfield Services (Oil Services & Equipment), China National Materials (Other Industrial Equipment), China Cosco Holdings (Other Transportation), Shanghai International Port (Other Transportation), China Shipping Container (Other Transportation), Sinopharm Group (Pharmaceuticals), PICC Property & Casualty (Property & Casualty Insurance), Daqin Railway (Railroads), China Vanke (Real Estate), Evergrande Real Estate (Real Estate), Poly Real Estate Group (Real Estate), Country Garden Holdings (Real Estate), Longfor Properties (Real Estate), Guangzhou R&F (Real Estate), Shimao Property Holdings (Real Estate), Agile Property Holdings (Real Estate), Sino-Ocean Land Holdings (Real Estate), Soho China Ltd. (Real Estate), China Construction Bank (Regional Banks), Agricultural Bank of China (Regional Banks), China Citic Bank (Regional Banks), China Minsheng Banking (Regional Banks), Industrial Bank (Regional Banks), China Everbright Bank (Regional Banks), Shenzhen Development Bank (Regional Banks), Hua Xia Bank (Regional Banks), Bank of Beijing (Regional Banks), Chongqing Rural Bank (Regional Banks), Bank of Ningbo (Regional Banks), Bank of Nanjing (Regional Banks), Gemdale (Regional Banks), GOME Electrical (Specialty Stores), China Telecom (Telecommunications Services), Minmetals Development (Trading Companies), Shanghai Material Trading (Trading Companies), Xiamen C&D (Trading Companies) (2012)

Current account balance

US$ 181.7 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

2.3% of GDP (2010 estimate)(2009)

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

29.6% (2010)

(Data released on April 2012)

Shares in world total merchandising export


(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

4.38% (2011)(2007)

(Data were released in 2012)

Total exports

US$2.05 trillion (2012 estimate) 

Export commodities

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

Total imports

US$1.817 trillion (2012 estimate) 

Import commodities

electrical and other machinery, oil and mineral fuels, optical and medical equipment, metal ores, plastics, organic chemicals

Exports - major partners

US 17.1%, Hong Kong 14.1%, Japan 7.8%, South Korea 4.4%, Germany 4% (2011)

Imports - major partners

Japan 11.2%, South Korea 9.3%, US 6.8%, Germany 5.3%, Australia 4.6% (2011)

FDI inflows
2009 2010 2011
US$95,000 million US$114,734 million(2009) US$123,985 million(2009)
FDI outflows
2009 2010 2011  
US$56,530 million US$68,811 million US$65,117 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$37,941 million US$21,490 million(2009) US$29,578 million(2009) US$34,355 million
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

China Petrochemical Corporation (Sinopec Group), Repsol YPF Brasil SA, Brazil, $7.1 billion
CNOOC Ltd, Bridas Corp, Argentina, $3.1 billion

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

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

China Investment Corp{CIC}, GDF Suez SA, France, $3.3 billion
Sinochem Group, Statoil ASA, Norway, $3.1 billion(2008 estimate)

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 91 out of 185 countries(2009) (2013)


Starting a business: 151 out of 185 countries(2009)

Enforcing Contracts: 19 out of 185 countries

Registering Property: 44 out of 185 countries

Getting credit: 70 out of 185 countries

Protecting investors: 100 out of 185 countries

Trading across border: 68 out of 185 countries

Paying Taxes: 122 out of 185 countries

Dealing with Construction Permits: 181 out of 185 countries

Getting Electricity: 114 out of 185 countries

Resolving Insolvency: 82 out of 185 countries


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





Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 138 Score: 51.2 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

Total area

9,596,961 km2 (2006)


Beijing (2009)


Renminbi yuan (RMB) (2009)

Government type

Communist state (2009)


Standard Chinese or Mandarin (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)


Daoist (Taoist), Buddhist, Christian 3%-4%, Muslim 1%-2%

Total population
1980 1990 2000 2012* 2017**
987.05 million 1.143 billion 1.267 billion 1.353 billion 1.386 billion

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
16% 19.6% 35.8% 50.5%
Population median age

35 years (2010)

Population growth rate

0.5% (2011)

Life expectancy

73 years (2010)

Adult literacy

94% (2005/2010)

% of population living on less than $2 a day

36.31% (2011)

Inequality of wealth distribution (Gini index)

42.48 (2005)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:7
Civil Liberties:6 (2011)

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

Total telephone subscribers as % of population

94.35% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

38.3% (Data were released in 2012 and refer to 2011)

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: 20th (2011)

CO2 emissions(Metric tons of CO2 per capita)

5.7585 (Data were released in 2012 and refer to 2009)

Best US Regional Banks

World's Best Developed & Emerging Markets Banks

World's Best Global Banks

World’s Best Treasury & Cash Management Providers

World's Best Internet Banks

World’s Best Investment Banks

World's Best Supply Chain Finance Providers

World's Best Subcustodian Banks

Safest Emerging Markets Banks

World's Safest

World's Best Banks By Region

World’s Best Foreign Exchange Providers

World's Best Banks

Best of…

World’s Best Trade Finance Banks

Stars of China

World's Biggest Banks

Additional Awards