文档介绍：China factors
A guide for investing in China
Global Chinese Services Group
May 2016
Content Preface
Preface 1 For the last decade and a half, China sustained a growth rate of ~10 percent ing the second largest economy
pegged at $10 trillion. Today its domestic market lags on the back of pronounced problems of overcapacity in
Overview 2 industry and property, weak demand and deflation, it faces a new reality, a new normal.
Industry overview & segmentation 15 The National Bureau of Statistics (NBS) recently announced the 2015 second quarter GDP growth, which beat market
expectations registering a percent year on year growth, with industrial output rising by percent. Despite
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challenges that have intensified the downward pressure on the market, the wider economy has been showing signs
from tax & legal perspective of recovery. This is the result of recent government efforts to realign the economy to be less dependent on debt-
fuelled infrastructure and real estate investment. People’s Bank of China’s ary easing efforts to arrest the
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deterioration of business activities and lay a solid foundation are supporting a shift to an economy driven by services.
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The crux of the administration’s growth plans is to drive innovation-driven development, application of smart
technology, green development and to e a manufacturer of quality. Private sector and foreign investments
are crucial to achieve this market mix. Furthermore, the intention to reduce the number of industries where foreign
investment is prohibited underpins potential opportunities the new normal offers panies and investors.
To encourage overseas investment, the government set up the Shanghai free trade zone (FTZ) as a pilot program.
Following its ess, Tianjin, Guangdong and Fujian were also declared as FTZ’s. The intention (and part of the
program’s purpose) is