Exporting to China
Export opportunities for Spanish companies in China
- Leading recipient of direct foreign investment (DFI).
- Expanding domestic market.
- Growing middle class.
- Developing country with need for infrastructures and a clean energy supply.
- Robust financial system.
- Opportunities related to consumption in infrastructures, renewable energies and tourism.
- Recent creation of free trade areas (Shanghai, 10.01.2013).
- Strict control over circulation of capital.
- Non-convertibility of the CNY and strong regulation of financial operations.
- Great bureaucracy in administrations for processing permits and licences.
- Developing judicial system.
- Reforms pending in the legal and financial system.
- China’s GDP will grow by between 7.5% and 8% in 2014. The reforms of the financial system are scheduled to materialise.
- Greater role of the private sector.
- China is facing economic and social challenges to maintain the environment of growth to date.
Representative Office in Shanghai
Nanjing West Road n1038
West Gate Mall 1605a, Jing´an District
Manager: Guillermo Díaz Sevilla
Tel. (+86) 921 62718347
Representative Office in Beijing
Unit 805, 8F, sky Plaza, n46
Dongzhimen Wai Street Dongcheng District
Manager: Jin Hong
Tel. (+86) 10 84608366
Form of government
Single-party socialist state
Mandarin (there are local dialects, such as Cantonese, Taiwanese, Shanghainese, etc.)
Chinese Yuan (CNY)
1 euro = 6 CNY (February 2014)
1 dollar = 8 CNY (February 2014)
- Agnosticism and atheism (42%)
- Polytheism influenced by Confucianism, Buddhism and Taoism (30%)
- Buddhism (18%)
- Christianity (4%)
- Minority ethnic religions (4%)
- Islam (2%)
1,354 million (2012)
Winter: +7 hours; Summer: +6 hours
Banco Sabadell in China
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 neuralgic centre of China’s business and financial activity.
Advice and joint cooperation in establishing a Spanish company in China.
- Individualised service via contacts secured in the country.
- Follow-up of import/export operations via relations with local banks.
- Support for projects and tenders.