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China
Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 15.05.2017

Vos conseillers à la Chambre de Commerce

  • Shi Na
    +352423939364
  • Violaine Mathurin
    +352423939481
Contactez-nous: asia@cc.lu

Indicateurs clés

Région
9,596,961 km2
Population
1,367,485,388 (July 2015 est.)
Type de gouvernement
Communist state
Langues
Standard Chinese or Mandarin (Putonghua, based on the Beijing dialect), Yue (Cantonese), Wu (Shanghainese), Minbei (Fuzhou), Minnan (Hokkien-Taiwanese), Xiang, Gan, Hakka dialects, minority languages (see Ethnic groups entry)
PIB
$19.39 trillion (2015 est.)
Taux de croissance
6.9% (2015 est.)
IHD
90
Capitale
Beijing

 

Introduction

The Chinese government faces numerous economic challenges, including: (a) reducing its high domestic savings rate and correspondingly low domestic consumption; (b) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and increasing numbers of college graduates; (c) reducing corruption and other economic crimes; and (d) containing environmental damage and social strife related to the economy's rapid transformation. Economic development has progressed further in coastal provinces than in the interior, and by 2011 more than 250 million migrant workers and their dependents had relocated to urban areas to find work. One consequence of population control policy is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the North - is another long-term problem. China continues to lose arable land because of erosion and economic development. The Chinese government is seeking to add energy production capacity from sources other than coal and oil, focusing on nuclear and alternative energy development. Several factors are converging to slow China's growth, including debt overhang from its credit-fueled stimulus program, industrial overcapacity, inefficient allocation of capital by state-owned banks, and the slow recovery of China's trading partners. The government's 12th Five-Year Plan, adopted in March 2011 and reiterated at the Communist Party's "Third Plenum" meeting in November 2013, emphasizes continued economic reforms and the need to increase domestic consumption in order to make the economy less dependent in the future on fixed investments, exports, and heavy industry. However, China has made only marginal progress toward these rebalancing goals. The new government of President XI Jinping has signaled a greater willingness to undertake reforms that focus on China's long-term economic health, including giving the market a more decisive role in allocating resources. In 2014 China agreed to begin limiting carbon dioxide emissions by 2030. China implemented several economic reforms in 2014, including legislation allowing local governments to issue bonds, further opening several state-owned enterprises to private investment, loosening the one-child policy, passing harsher pollution fines, and cutting administrative red tape.

Source: The CIA World Factbook - China

 

Indicateurs macroéconomiques

Economic growth is set to edge down further, from 6.5% in 2016 to 6.2% by 2017. Large-scale infrastructure spending will only partly make up for slowing business investment as overcapacity is being worked off in several industries. Real estate investment is bottoming out, but housing inventories remain sizeable. Consumption is projected to stay buoyant. The reduction in excess capacity will ease the downward pressure on producer prices, but consumer price inflation will remain low.
Monetary policy is assumed to ease to reduce financing costs and to provide adequate liquidity. Market forces should be allowed to drive the pricing of credit risk by removing implicit guarantees and ending bailouts. Corporations need to deleverage as slowing growth heightens credit risks. Fiscal policy is being eased significantly, potentially crowding out of private investment and building up imbalances. Spending should be targeted at areas that promote long-term inclusive growth, such as ensuring equal access to public services and extending the social safety net.
Productivity gains are becoming the main engine of improvements in living standards as capital-deepening-led growth has run its course. This calls for fostering innovation and entrepreneurship. Lower barriers to entry have spurred entrepreneurial activity, but the exit mechanism for unviable firms should also be streamlined. Policy emphasis is shifting towards supply-side reforms that seek to ensure sustainable development. Reallocation of labour from agriculture to industry and services has been a major driver of inclusive productivity growth and is likely to continue in the future.

Source: OECD - Economic Forecast

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
7.3006.9006.5886.1716.030
Gross domestic product, current prices
U.S. dollars (Billions)
10,557.63611,181.55611,391.61912,361.73713,576.047
Gross domestic product per capita, current prices
U.S. dollars (Units)
7,718.5868,140.9818,260.8788,928.6669,767.369
Inflation, average consumer prices
Percent change
1.9881.4412.0752.3002.400
Volume of imports of goods and services
Percent change
8.7100.5863.8912.6902.914
Volume of exports of goods and services
Percent change
6.908-1.8351.9381.6802.466
Unemployment rate
Percent of total labor force
4.0904.0504.0504.0504.050
Current account balance
U.S. dollars (Billions)
277.434330.602270.896200.541185.254
Current account balance
Percent of GDP
2.6282.9572.3781.6221.365
Colored cells are estimates

Source: IMF Statistics

 

Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 03.12.1994 (Memorial 1995, A, p. 1234 )
  • Effective as of 07.28.1995 (Memorial 1995, A, p. 1717)

Air Services agreement

  • Agreement from 28.09.1979 (Memorial 1980, A, p. 966 )
  • Effective as of 14.08.1981 (Memorial 1981, A, p. 1910)
  • New Agreement from 18.11.2002

Not ratified by Luxembourg yet (Transport for preparing the explanatory statement)

Source: Administration des Contributions Directes

 

Plus d'informations

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in China

Embassy of the Grand Duchy of Luxembourg in China

Ambassador:

Monsieur Paul STEINMETZ
Ambassadeur

Ambassade du Grand-Duché de Luxembourg à Pékin
Unit 1701, Tower B, Pacific Century Place,
2A Gong Ti Bei Lu, Chaoyang District,
Beijing 100027, P.R. China 

Tél.: (+86 10) 8588 0900 
Fax:(+86 10) 6513 7268 
E-mail: pekin.amb@mae.etat.lu
Site web: pekin.mae.lu

Heures d’ouverture: du lundi au vendredi 9h à 18h

Consulat général

Shanghai

Monsieur Luc DECKER
Consul général avec juridiction sur la Municipalité de Shanghai et les Provinces de Jiangsu, Zhejiang, Anhui et Fujian

907-908, No. 1788 Nanjing Xi Lu
200040 Shanghai
People's Republic of China

Tél.: (+86 21) 63390400/72
Fax: (+86 21) 63390433
E-mail: shanghai.cg(at)mae.etat.lu 
Site web: shanghai.mae.lu

Heures d’ouverture: du lundi au vendredi 9h à 18h

Consulats honoraires

Hong Kong

Madame Sophie LEUNG
Consul honoraire avec juridiction sur Hong-Kong

Room B, 13/F, Queen Centre
58-64 Queen's Road East
Wan Chai
Hong Kong

Tél.: (++852) 3621 0979
Fax: (++852) 3747 4600
E-mail: conluxhk(at)gmail.com

Heures d'ouverture: sur rendez-vous

Luxembourg Trade and Investment Office

Shanghai

Monsieur Luc DECKER
Executive Director

12, ZhongShanDongYi Road 
200002 Shanghai
People's Republic of China

Tél.: (+86 21) 63 39 04 00
Fax: (+86 21) 63 39 04 33
E-mail: shanghai.cg(at)mae.etat.lu 
Site web: www.investinluxembourg-china.com

Heures d’ouverture: du lundi au vendredi 9h à 18h

Conseillers du Commerce extérieur

Hong Kong

Monsieur Philippe SCHAUS

Chairman & CEO
Corp. Office DFS Group ltd.
8/F, Chinachem Golden Plaza 77 Mody Road, Tsimshatsui East,
Kowloon, Hong Kong

Tél.: (+852) 2230 1269
Fax: (+852) 2868 9602
E-mail: philippe.schaus@dfs.com

Shanghai

Monsieur Georges KAYSER

Jinbang road 100-Appt 1703
Changning district, Shanghai – 200335

Tél.: (+86 21) 62 68 71 76
Fax: (+86 21) 62 98 71 52
E-mail: georges.kayser(at)sioen.cn

Source: Ministry of Foreign Affairs Luxembourg                                          

Source: www.awex.be                 

Country risk as defined by Office du Ducroire for China

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for China

Luxembourg for Business market entry guide to China: Market entry guides are brochure series published by the Ministry of the Economy and Foreign. The series focuses on worldwide markets, industries and business environments, providing comprehensive and in-depth analysis and guidelines. The brochures cover all aspects relating to a market entry including the economic, financial and legal frameworks. The brochures are a vast knowledge pool, compiled into a practice oriented document with many tips and important addresses.

Other useful information