China Economic Quarterly Q1 2020

03.09.2020

The PwC’s Quarterly Review describes the state of the Chinese economy during the most challenging phase of pandemic-related constraints. The research focuses on the state of the private sector of the economy, the country’s exports and imports, and employment.

Due to the ongoing COVID-19 pandemic, GDP has contracted by 6.8% for the first time in history in four decades, while a gradual recovery started in the beginning of Q2. Imports and exports fell by 6.4%.

The private sector plays a critical role in China’s economy contributing to more than 60% of GDP and providing more than 80% of China’s urban jobs. Many small and medium private companies involved in international trade struggled to survive during this period.

Private companies became China’s largest contributor to international trade and for the first time accounted for 42.7% of total China’s trade. Chinese private enterprises have achieved global competitiveness. In the past, exports and imports from foreign-owned enterprises accounted for the major proportion, but now it makes up 39.9%. As for state-owned enterprises, their share in total trade is estimated at 16.9%.

Release date
29.05.2020
Source
Analytics on topic
Report
04.10.2023
Report
04.10.2023
Analysis and prospects for the Trans-Caspian international transport route

The Trans-Caspian International Transport Route (TITR) runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkey and further through the Black Sea to Europe. The TITR is a multimodal route that involves two modes of transport: rail and sea.

Report
11.12.2020
Report
11.12.2020
EU-China Trade and Investment Relations in Challenging Times
Trade continues to be the least problematic aspect of the EU-China economic relationship. The BRI offers potential trade gains for Europe by improving physical connectivity with countries along the route to China, but it also poses challenges for the EU. While Chinese investment in Europe is growing and has focused strongly on technology, it raises the question of whether the EU should fear losing its technological edge, especially when Chinese state-owned companies might distort competition through foreign acquisitions.
Source: European Parliament