Exporting to China

China. People’s Republic of China

Opportunities for Spanish companies in China

Strong points

  • First recipient of direct foreign investment (DFI).
  • Expanding domestic market.
  • Growing middle class.
  • Developing country with need for infrastructures and a clean energy supply.
  • Sound financial system.

Weaknesses

  • Strict control over circulation of capital.
  • Non-convertibility of the CNY and strict regulation of financial operations.
  • A great deal of bureaucracy in administrations for processing permits and licences.
  • Developing judicial system.
  • Reforms pending in the legal and financial system.

Investments

  • Opportunities involved in consumption in infrastructures, renewable energies and tourism.
  • Advanced manufacturing and industry.

Prospects

  • Greater weight of private sector.
  • China is facing economic and social challenges to maintain the growth environment found up to now.
  • The process of opening up the financial sector and internationalisation of the RMB is gaining speed.
  • China promotes the initiative to create the Silk Route economic belt.

 

Find us at:

Representative Office in Shanghai

Nanjing West Road n1038 West Gate Mall 1605A,
Jing´An District Shanghai 200041
Tel. (+86) 921 62718347

Representative Office in Beijing

Unit 805, 8F, sky Plaza, N46 Dongzhimen
Wai Street Dongcheng District Beijing 100027
Tel. (+86) 10 84608366

 

Contact

Form of government

Single-party socialist state

Official language

Mandarin (there are local dialects, such as Cantonese, Taiwanese, Shanghainese, etc.)

Currency

Chinese Yuan (CNY)

Exchange rate

1 euro = 6 CNY (February 2014)

1 dollar = 8 CNY (February 2014)

Religion

  • Agnosticism and atheism (42%)
  • Polytheism influenced by Confucianism, Buddhism and Taoism (30%)
  • Buddhism (18%)
  • Christianity (4%)
  • Minority ethnic religions (4%)
  • Islam (2%)

Population

1,354 million (2012)

Time difference

Winter: +7 hours; Summer: +6 hours

Banco Sabadell in China

Team BS Shangai

BS Shangai team.

BS Beijing Team

BS Beijing team.

 

Experience

Banco Sabadell was the first Spanish bank to arrive in the country: in 1991, it opened a representative office in Beijing and in 2005 the second representative office opened in Shanghai, the real core of China’s business and financial activity.
 

Services

  • Advice and cooperation in establishing a Spanish company in China.
  • Individualised service via contacts made in the country.
  • Follow-up of import/export operations via relations with local banks.
  • Support for projects and tenders.