China’s economy grew by 6.9 per cent in real terms during 2015 and it continues to make significant contributions to the global economy – to the tune of USD448 billion in 2015.
The economic drivers of present-day China point to future trends that will continue to advance the country’s economy over the next decade and beyond. These trends include the country’s transition from a low value chain manufacturer to a provider of higher-value added goods and services adopting technology innovation.
Rapid urbanisation is also driving demand for consumer goods and services. For the foreseeable future, China will continue to remain relevant to foreign investors and businesses alike.
National Bureau of Statistics, Oct 2015
HSBC Global Research, March 2016