Profile of China: 2023
| Demographic profile |
| Population: 1.42 billion; #2 globally |
| Population growth: 0.23% |
| Urban population: 64.6%; expected to be 70% by 2030 |
| Urbanisation rate: 1.78% |
| Major cities: Shanghai (29 M), Beijing (22 M), Chongqing (17 M), Tianjin (14 M) |
| Guangzhou (14 M), Shenzhen (13 M) |
| Economic profile |
| Economy: #2 globally: accounting for over 18% of global GDP |
| Real GDP: $31.2 T |
| Real GDP growth: 5.7% (2023), 4.8% (2024F) |
| Inflation: 0.23% |
| Labour force: 779 M |
| Unemployment: 4.7% |
| GDP sectors: agriculture (7.1%), industry (38.3%), services (54.6%) |
| Stock markets: Shanghai (#3 globally), Shenzhen (#7 globally) |
| Global business competitiveness: #28/141countries globally; #6 in Asia |
| Corruption perception: #76 (least corrupt)/154 countries |
| Real estate profile |
| Real estate transparency: #30/89 countries globally; #6 in Asia; transparent |
| #1 emerging real estate market globally: $5.6 T |
| City momentum: 5/top 20 cities globally; Shenzhen (#10), Chongqing (#11), Wuhan (#13), Hangzhou (#15), Shenzhen (#17) |
| Commercial real estate transactions: #3 globally; $36.1 B |
| Major cities (commercial real estate transaction volume): Shanghai (#7 globally), Beijing (#23) |
| Listed real estate sector: # = 241 real estate companies@ $249 B (market cap); including REOCs and REITs |
| Population: 1.42 billion; #2 globally |
| Population growth: 0.23% |
| Urban population: 64.6%; expected to be 70% by 2030 |
| Urbanisation rate: 1.78% |
| Major cities: Shanghai (29 M), Beijing (22 M), Chongqing (17 M), Tianjin (14 M) |
| Guangzhou (14 M), Shenzhen (13 M) |
| Economy: #2 globally: accounting for over 18% of global GDP |
| Real GDP: $31.2 T |
| Real GDP growth: 5.7% (2023), 4.8% (2024F) |
| Inflation: 0.23% |
| Labour force: 779 M |
| Unemployment: 4.7% |
| GDP sectors: agriculture (7.1%), industry (38.3%), services (54.6%) |
| Stock markets: Shanghai (#3 globally), Shenzhen (#7 globally) |
| Global business competitiveness: #28/141countries globally; #6 in Asia |
| Corruption perception: #76 (least corrupt)/154 countries |
| Real estate transparency: #30/89 countries globally; #6 in Asia; transparent |
| #1 emerging real estate market globally: $5.6 T |
| City momentum: 5/top 20 cities globally; Shenzhen (#10), Chongqing (#11), Wuhan (#13), Hangzhou (#15), Shenzhen (#17) |
| Commercial real estate transactions: #3 globally; $36.1 B |
| Major cities (commercial real estate transaction volume): Shanghai (#7 globally), Beijing (#23) |
| Listed real estate sector: # = 241 real estate companies@ $249 B (market cap); including REOCs and REITs |
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