China

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Coat of arms: contains in a red circle a representation of Tiananmen Gate, the entrance gate to the Forbidden City, where Mao declared the foundation of the People's Republic of China (PRC) in 1949. Above this representation are the five stars found on the national flag. The largest star represents the Communist Party of China, while the four smaller stars represent the four social classes as defined in Maoism.

The outer border of the red circle shows sheaves of wheat and the inner sheaves of rice, which together represent agricultural workers. At the center of the bottom portion of the border is a cog-wheel that represents industrial workers.

Flag: is a red field charged in the canton (upper corner nearest the flagpole) with five golden stars. The design features one large star, with four smaller stars in a semicircle set off towards the fly (the side farthest from the flag pole). The red represents the communist revolution; the five stars and their relationship represent the unity of the Chinese people under the leadership of the Communist Party of China (CPC).

 

 
  • Anthem: «March of the Volunteers» is the national anthem of the People's Republic of China, including its special administrative regions of Hong Kong and Macau. Unlike most previous Chinese state anthems, it is written entirely in the vernacular, rather than in Classical Chinese. Its lyrics were composed as a dramatic poem by the poet and playwright, the Japan-educated Tian Han in 1934 and set to music by Nie Er from Yunnan Province.
  • Official languages: Standard Chinese.
  • Geographical location: it is a country in East Asia. China shares international borders with 14 sovereign states. They are Afghanistan, Bhutan, India, Kazakhstan, Kyrgyzstan, Laos, Mongolia, Myanmar, Nepal, North Korea, Pakistan, Russia, Tajikistan, Vietnam.
  • Administrative divisions: The People's Republic of China is divided into 22 provinces, five autonomous regions, each with a designated minority group; four municipalities; and two special administrative regions (SARs) which enjoy a degree of political autonomy. These 31 provincial-level divisions can be collectively referred to as «mainland China», a term which usually excludes two SARs of Hong Kong and Macau.
  • Capital: Beijing. 
  • Governance: China is a socialist republic run by a single party, the Communist Party of China, headed by General Secretary. State power within the People's Republic of China (PRC) is exercised through the Communist Party, the Central People's Government (State Council) and their provincial and local representation. The President of China is the titular head of state, serving as the ceremonial figurehead under National People's Congress.[a] The Premier of China is the head of government, presiding over the State Council composed of four vice premiers and the heads of ministries and commissions. As a one-party state, the General Secretary of the Communist Party of China holds ultimate power and authority over state and government.
  • Population: 1.38 billion.
  • Currency: Renminbi (yuan).
  • GDP: $12.2 trillion.
  • Time zone: GMT+8.
  • Telephone code: +86.
  • Barcode: 690 — 699.

 

Trade and economic cooperation between Belarus and China

China's economic performance in 2017: 

  • GDP: 82.7 trillion Yuan;
  • GDP per capita: $8 777;
  • GDP growth: 6.9%;
  • Foreign debt: 1.68 trillion Yuan (excluding figures of Taiwan, Hong Kong and Macao);
  • Inflation: 2%;
  • Unemployment: up to 3.9%;
  • Exports: $2.26 trillion;
  • Imports: $1.84 trillion;
  • Surplus: +$420 billion;
  • China's most valuable export products are machinery and equipment, clothing, footwear and textile, raw materials for light industry, metal products, vehicles and consumer goods;
  • China's most valuable import products are machinery and equipment, fuel, chemical products, mineral raw materials, metal products, vehicles and food products;
  • Foreign trade turnover increased by 14.2% as compared to the last year's figure;
  • Consumer price index increased by 1.6% as compared to the last year's figure;
  • Real disposable income per capita increased by 7.3%;
  • FX reserves increased by 3.4% to $3 056.8 billion.

Politic, trade and economic cooperation between Belarus and China is developing dynamically, because the countries have the common domestic and foreign policies, and their views on the issues of global agenda coincide.

In addition, Belarus makes efforts to have surplus in trade with China and to promote Belarusian goods in this country. The Ministry of Economy, Ministry of Agriculture and Food, Ministry of Sport and Tourism and the Ministry of Education work closely with their Chinese counterparts. Belarus takes steps to supply more machinery and equipment to China.

Nowadays, there is a drastic increase in demand for the following products in China:

  • Dairy products;
  • Baby food;
  • Beef;
  • Confectionery products; 
  • Honey; 
  • Beer.

Rape oil and flax are in demand.

Dynamics of trade between Belarus and China, including Hong Kong, Macao and Taiwan, in 2013 — 2017 years (in million U.S. dollars)

Year

Turnover

Exports

Imports

Surplus

2013

4084728

811584

3273144

-2461560

2014

4186227

1091990

3094238

-2002248

2015

4168963

1257378

2911585

-1654207

2016 

3586178

800533

2785645

-1985112

2017 3901820 739132 3162688 -2423556

In the first half of 2018, trade turnover between Belarus and China (including Hong Kong, Macao and Taiwan) increased by 126.6% to $1.7306 billion as compared to January — June 2017, Belarusian exports — by 116.0% to $223.7 million, Belarusian exports excluding potassic fertilizers — by 124.9% to $82.9 million, Chinese exports — by 128.4% to 1.5069 billion. Trade deficit amounted to $1.2832 billion.

Belarus mainly exports potassic fertilizers (+$14.1 million), dairy products (+$11.5 million), polyamides (+$3.1 million), raw flax (+$2.3 million), rape oil (+$2.1 million), synthetic filament tow (+$1.4 million), harvesting and threshing machinery (+$1 million) to China.

Belarus's most promising products to export to China:

Products

January — June 2016, in million U.S. dollars

Integrated circuits

163994

Instruments and apparatus

22292

Wood in the rough

5977

Dairy products

4983

Skins of bovine

2284

Beef

1903

Potassic fertilizers

1169

Beer

525

Rape oil

379

Caprolactam

217

For objective reasons, Belarus has supplied a small range of goods to China for several years. It has exported mainly potassic fertilizers, caprolactam and polyamides, seldom — synthetic filament tow (production of Belneftekhim concern), BelAZ trucks, harvesters and tractors, sometimes — integrated circuits (production of the companies, subordinated to the Ministry of Industry of the Republic of Belarus). Other Belarusian products have a little chance to be sold in China, because of their high cost, quality or logistics costs, so they are not exported at all or supplied in small quantities, that can not significantly affect on export performance (clothing, footwear and textile, building materials, pharmaceutical products, wooden articles, machinery and tools).

Cooperation between Belarus and China in the banking sector and investment is the most successful. In 2017, China invested $275.5 million ($257.8 million in the previous year) in Belarus, direct investment was $113.6 million ($100.4 million in 2016).

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the People's Republic of China, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in China for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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