China's growth

China's economy has entered a new phase which presents
even better opportunities for businesses outside of China.

China's middleclass could number

1 billion

by 2025

As China’s domestic firms shift to higher-margin business, they are open to foreign companies to supply them with high-value goods and services and can tap into the rapidly growing Chinese middleclass.

China’s state-owned enterprises (SOEs) are investing outside China, creating opportunities for internationally minded companies to participate in massive capital projects in Asia, Africa and Europe. 



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China's economic focus

China’s economic focus is now on boosting domestic consumption, private and service sector activity and higher-tech more value-added manufacturing, reducing reliance on heavy industry and labour-intensive manufacturing.

China's economic transition involves:

  • Global economic growth fueled by investment of China’s vast sovereign wealth outside of mainland China
  • Clustering of higher-margin high-tech manufacturing and service-oriented businesses on the Pearl River Delta
  • The Belt and Road Initiative is investing trillions of dollars in physical infrastructure and financial institutions linking China’s businesses to the rest of Asia, Africa and Europe
  • Internationalisation of the renminbi, an inevitable consequence, as well as policy mandate, of externalising China’s investment.
By 2020 RMB will be an important trade settlement currency, investment currency and a reserve currency.

Helen Wong, chief executive officer, Greater China HSBC

HSBC China Business Network

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How will China’s growth plans impact your business with and in Asia?

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