Standard Chinese or Mandarin, Putonghua, based on the Beijing dialect), Yue, Wu, Minbei, Minnan, Xiang, Gan, Hakka dialects
Economic Overview
Key economic indicators for China
GDP:
$31.23 trillion
GDP per Capita:
$22,100
GDP Growth:
5.25%
Inflation:
0.23%
Unemployment:
4.67%
Public Debt:
47% of GDP
Credit Rating:
A+ (2017)
Political System
Governance structure of China
Government Type:
communist party-led state
Head of State:
President XI Jinping (since 14 March 2013)
Head of Government:
Premier LI Qiang (since 11 March 2023)
Judiciary:
Supreme People's Court (consists of over 340 judges, including the chief justice and 13 grand justices organized into a civil committee and tribunals for civil, economic, administrative, complaint and appeal, and communication and transportation cases)
Administrative Divisions:
23 provinces (sheng, singular and plural), 5 autonomous regions (zizhiqu, singular and plural), 4 municipalities (shi, singular and plural), and two special administrative regions (tebie xingzhengqu, singular and plural)
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
UN Security Council:
Permanent member
EU Member:
No
Diplomatic Presence:
3505 International Place NW, Washington, DC 20008
Major Alliances and Organizations
BRICS
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
7.1% (2023 est.)
Industry
38.3% (2023 est.)
Services
54.6% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$3.511 trillion
Imports:
$3.125 trillion
Major Trading Partners
USA 13
Hong Kong 8
Japan 5
Germany 5
S. Korea 4
Economic Outlook
China has a 5.25% GDP growth rate with 0.23% inflation. The economy is characterized by a strong agriculture sector.