{"id":18521,"date":"2019-03-09T00:27:03","date_gmt":"2019-03-09T00:27:03","guid":{"rendered":"https:\/\/www.tradefinanceglobal.com\/?post_type=exports&p=18521"},"modified":"2025-02-13T09:48:57","modified_gmt":"2025-02-13T09:48:57","slug":"china","status":"publish","type":"exports","link":"https:\/\/www.tradefinanceglobal.com\/exports\/china\/","title":{"rendered":"Exporting to China"},"content":{"rendered":"\n
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\n Exporting to China <\/h2>\n
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Last updated on 13 Feb 2025<\/div>\n
09 Mar 2019 . 2 min read<\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n
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China Quick Links<\/h4>\n <\/div>\n
\n \n Importing from China <\/a>\n \n Exporting to China <\/a>\n \n Trade Finance \u2013 Hong Kong <\/a>\n \n Invoice Finance \u2013 Hong Kong <\/a>\n \n Export Credit Agency (ECA) in Hong Kong <\/a>\n \n Export-Import Bank of China (CEXIM) | Export Credit Agency (ECA) in China <\/a>\n \n China Export & Credit Insurance Corporation (SINOSURE) | Export Credit Agency (ECA) in China <\/a>\n <\/div>\n<\/div><\/div>\n\n\n\n
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China Country Profile<\/h3>\n

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Official Name (Local Language) The People’s Republic of China<\/strong><\/p>\n

Capital Beijing<\/strong><\/p>\n

Population 1,373,541,278<\/strong><\/p>\n

Currency Chinese Yuan Renminbi<\/strong><\/p>\n

GDP\u00a0$10,730 billion<\/strong><\/p>\n

Languages Chinese (Mandarin)<\/strong><\/p>\n

Telephone Dial In 86<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

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China Imports Profile<\/h3>\n

Imports ($m USD) 1,843,793<\/strong><\/p>\n

Number of Imports Products 4,433<\/strong><\/p>\n

Number of Imports Partners 215<\/strong><\/p>\n

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China Economic Statistics<\/h2>\n\n\n\n



Government Website<\/strong><\/td>		https:\/\/english1.english.gov.cn\/<\/a>
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Sovereign Ratings<\/strong><\/td>https:\/\/countryeconomy.com\/ratings\/china<\/a><\/td><\/tr>
Central Bank<\/strong><\/td>People’s Bank of China
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Currency USD Exchange Rate<\/strong><\/td>6.626
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Unemployment Rate<\/strong><\/td>4%<\/td><\/tr>
Population below poverty line<\/strong><\/td>3.3%
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Inflation Rate<\/strong><\/td>2%<\/td><\/tr>
Prime Lending Rate<\/strong><\/td>2.25%<\/td><\/tr>
GDP<\/strong><\/td>$10,730 billion<\/td><\/tr>
GDP Pro Capita (PPP)<\/strong><\/td>$14,600<\/td><\/tr>
Currency Name<\/strong><\/td>Chinese Yuan Renminbi<\/td><\/tr>
Currency Code<\/strong><\/td>CNY<\/td><\/tr>
World Bank Classification<\/strong><\/td>Upper Middle Income<\/td><\/tr>
Competitive Industrial Performance<\/strong><\/td>28\/138
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Corruption Perceptions Index<\/strong><\/td>77\/180
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Ease of Doing Business<\/strong><\/td>46\/190
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Enabling Trade Index<\/strong><\/td>46\/190
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Natasha Roston<\/div>\n
\n Natasha Roston is Head of People and Growth at Trade Finance Global, leading partnerships, education projects, and team growth. She advocates for TFG’s Women in Trade campaigns and supports team wellbeing as a Level 2 Qualified Coach and Mental Health First Aid Champion. With a background in education and EdTech, Natasha holds an MA from Tel Aviv University and is studying for a Level 3 Certificate in International Trade. <\/div>\n
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\n Access trade, receivables and supply chain finance <\/h4>\n

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.<\/p>\n \n Get Started<\/span>\n <\/a>\n<\/div><\/div>\n\n\n\n

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Exporting to China<\/h2>\n\n\n\n

Generally acknowledged as the world\u2019s most important emerging economy and already the largest commodity importer on the planet, China has taken up a strong role as a leader in world affairs. As the home of some of the world\u2019s largest banks and other financial institutions it is already the world\u2019s second largest economy.<\/p>\n\n\n\n

Investor efforts to arbitrage a gap between offshore and onshore yuan rates has in part led to a capital flight in China, with the foreign exchange hoard having rapidly reduced by $500 billion to just over $3 trillion. There has however been diversification in trade as export shipments have been higher to Hong Kong, rising 8-11% year on year. The United States is a main partner for China and accounts for 3.4 trillion yuan in annual trade.<\/p>\n\n\n\n

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Exporting to China: What is trade finance?<\/h2>\n\n\n\n

Trade finance is a revolving facility which alternative lenders offer \u2013 it enables companies to buy inventory and can help reduce the pressure from cash flow issues.<\/p>\n\n\n\n

Generally, a trade financier will fund most of the cost of the product, including charges (e.g. insurance costs).<\/p>\n\n\n\n

Trade finance offers upsides over more traditional bank finance for example invoice finance or business loans. Trade finance provides up front funding without affecting existing bank relationships.<\/p>\n\n\n\n

How does it work?
If you\u2019re an SME importing or exporting inventory around the world, then a trade finance facility would help you to fund this through offering a letter of credit or some form of cash advance.<\/p>\n\n\n\n

I\u2019m looking to export to China, how can Trade Finance Global help, and how does it work?
If you\u2019re looking to export stock to other countries, you may require export finance, which is an agreement between yourself (the exporter), and the foreign importer. A trade finance bank would advance you the cost of producing the stock supplies that you are exporting (as a debt product), either once you have sent the goods, or before you have manufactured them. Once your foreign importer has received the products and pays you for the import, you will repay the advance loan from the export bank over an agreed period of time.<\/p>\n\n\n\n

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Chart Showing GDP Growth Compared to rest of world<\/h2>\n\n\n
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