March 2006
China
                         
BASIC INDICATORS
Population (thousands, 2004) 1 296 500 Rank in world trade, 2004 Exports Imports
GDP (million current US$, 2004) 1 649 329 Merchandise  3 3
GDP (million current PPP US$, 2004) 7 123 712 Commercial services 9 7
Current account balance (million US$, 2004)  68 659 Merchandise excluding intra-EU trade 3 3
Trade per capita (US$, 2002-2004)   748 Commercial serv. excl. intra-EU trade 4 4
Trade to GDP ratio (2002-2004)   66.6
Annual percentage change
2004   1995-2004 2003 2004
Real GDP (1995=100)   207 8 9 10
Exports of goods and services (volume, 1995=100)   376 16 27 26
Imports of goods and services (volume, 1995=100)   378 16 25 30
                         
TRADE POLICY
WTO accession date 11 December 2001 Contribution to WTO budget (%, 2006) 4.089
Trade Policy Review date ... Import duties collected (%, 1996-1998):
in total tax revenue 7.6
Tariff binding coverage (%, 2010)   100.0 to total merchandise imports 2.7
MFN tariffs Final bound Applied 2004
Simple average of ad-valorem duties Number of:
All goods   10.0   10.4 GATS services sectors with commitments   93
Agricultural goods (AOA)   15.8   16.2 Dispute rulings (complainant - defendant) 1 - 0
Non-agricultural goods   9.1   9.5 Notifications outstanding  (CRN)   9
Non ad-valorem duties (% of total tariff lines)   0.0   0.5 Number of contingency measures in force:
Anti-dumping (30 June 2005) 71
MFN duty free imports Countervailing duties (30 June 2005) ...
Share in total imports, 2003   34.0 Safeguards (3 November 2005)   0
                         
MERCHANDISE TRADE  Value Annual percentage change
2004   1995-2004 2003 2004
Merchandise exports, f.o.b. (million US$)  593 326 17 35 35
Merchandise imports, c.i.f. (million US$)  561 229 17 40 36
2004   2004
Share in world total exports    6.46 Share in world total imports  5.88
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   4.1 Agricultural products 7.5
Fuels and mining products   4.3 Fuels and mining products 15.9
Manufactures   91.4 Manufactures 76.3
  By main destination   By main origin
1. United States   21.1 1. Japan   16.8
2. European Union (25)   18.1 2. European Union (25)   12.5
3. Hong Kong, China   17.0 3. Taipei, Chinese   11.5
4. Japan   12.4 4. Korea, Republic of   11.1
5. Korea, Republic of   4.7 5. United States   8.0
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2004   1995-2004   2003 2004
Commercial services exports (million US$)  62 056   14 18 34
Commercial services imports (million US$)  71 602   13 19 31
2004   2004
Share in world total exports   2.85   Share in world total imports 3.36
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   19.4   Transportation 34.3
Travel   41.5   Travel 26.7
Other commercial services   39.1   Other commercial services 39.0
                         
INDUSTRIAL PROPERTY 
  Total   Residents Non-residents   Total   Residents Non-residents
Patents granted, 2002  21 473  5 868  15 605   Marks registered, 2002  218 166 169 904 48 262