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CHINA

Fact sheets are updated biannually; June and December


General information
Capital: Beijing Head of State
Land area: 9,388,211 sq km President HE Mr Xi Jinping
Official language(s): Mandarin Head of Government
Population: 1390.1 million (2017) Premier of the State Council HE Mr Li Keqiang
Currency: Yuan Renminbi

Economic indicators (a) 2013 2014 2015 2016 2017 2018


GDP (US$b) (current prices) 9,635.0 10,534.5 11,226.2 11,221.8 12,014.6 13,457.3
GDP per capita (US$) 7,080.8 7,701.7 8,166.8 8,115.8 8,643.1 9,633.1
GDP PPP (Int'l $b) 16,724.8 18,285.2 19,756.0 21,314.0 23,208.2 25,313.3
GDP per capita PPP (Int'l $) 12,291.1 13,368.2 14,372.0 15,414.7 16,695.6 18,120.0
Real GDP growth (% change yoy) 7.8 7.3 6.9 6.7 6.9 6.6
Current account balance (US$b) 148.2 236.0 304.2 202.2 164.9 97.5
Current account balance (% GDP) 1.5 2.2 2.7 1.8 1.4 0.7
Inflation (% change yoy) 2.6 2.0 1.4 2.0 1.6 2.2
Unemployment (% labour force) 4.1 4.1 4.1 4.0 3.9 4.0

Australia's trade and investment relationship with China (b)


Australian merchandise trade with China, 2017-18 (A$m) Total share Rank Growth (yoy)
Exports to China 106,330 33.7% 1st 11.3%
Imports from China 68,121 22.5% 1st 10.8%
Total merchandise trade (exports + imports) 174,451 28.2% 1st 11.1%

Major Australian exports, 2017-18 (A$m) Major Australian imports, 2017-18 (A$m)
Iron ores & concentrates 50,089 Telecom equipment & parts 7,663
Coal 13,115 Computers 5,873
Wool & other animal hair (incl tops) 2,975 Furniture, mattresses & cushions 2,995
Gold 2,938 Prams, toys, games & sporting goods 2,469
Includes A$12b of confidential items & special transactions, estimated to be mainly
LNG, alumina and manganese ores, 12% of total exports.

Australia's trade in services with China, 2017-18 (A$m) Total share Rank Growth (yoy)
Exports of services to China 16,944 19.2% 1st 17.2%
Imports of services from China 3,225 3.5% 9th 17.9%
Major Australian services exports, 2017-18 (A$m) Major Australian services imports, 2017-18 (A$m)
Education-related travel 11,006 Personal travel excluding education 1,541
Personal travel excluding education 3,846 Transport 707

Australia's investment relationship with China, 2017 (A$m) Total FDI


Australia's investment in China 77,099 13,506
China's investment in Australia 64,954 40,688
China's global merchandise trade relationships
China's principal export destinations, 2017 China's principal import sources, 2017
1 United States 19.0% 1 Republic of Korea 9.6%
2 Hong Kong 12.3% 2 Japan 9.0%
3 Japan 6.1% 3 Taiwan 8.5%
14 Australia 1.8% 7 Australia 5.2%

Compiled by the Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources
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All data may be subject to future revisions.
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