China — Market Overview
🇨🇳 China
China is still too large to read through one simple factor, but equity sentiment usually comes back to policy easing, the property cycle, industrial overcapacity risk, and the credibility of growth support. The market is generally framed through credit and liquidity policy, the balance between domestic demand and export pressure, and whether industrial leadership in strategic sectors can offset stress in property-linked activity.
Carte régionale
Faits clés
China en un coup d'œil
Capital
Currency
Primary exchange
Central bank
Region
Time zone
Source : National Bureau of Statistics of China,
Country dashboard
Pourquoi ce marché compte
This version combines a stylized country map with a switchable macro explorer built from official published history, using OECD primary datasets where available and World Bank annual series where coverage is otherwise incomplete.
Explorateur macro
Changez de variable, gardez le contexte du pays
These country charts now use official OECD quarterly and monthly history where the feed is actually published, with government debt added from the World Bank when a stable public series exists. Variables without dependable republishable coverage are left out instead of being interpolated, so each page shows fewer lines only when the source coverage is genuinely thinner.
Real GDP growth
Quarterly real GDP growth from OECD Quarterly National Accounts.
Variables disponibles
Commerce et position extérieure
Exportations, services et balance extérieure
Plutôt qu'un mur générique de cartes macro, cette section se concentre sur la manière dont le pays attire la demande étrangère, où se situe son avantage commercial et comment évolue sa balance extérieure.
The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand China is capturing across both physical products and higher-value intangible flows.
This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.
This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where China is strongest in higher-margin, knowledge-intensive, and branded service activities.
Prisme des matières premières
Exposition aux matières premières
Goods made up 88.9% of total exports in 2024, leaving services at 11.1%.
Goods made up 80.9% of total imports in 2024, leaving services at 19.1%.
This was the biggest WTO merchandise export group for China in 2024.
This was the biggest WTO merchandise import group for China in 2024.
Goods exports minus goods imports in 2024. A surplus here shows whether merchandise trade supports or drags on the overall external balance.
Source : WTO bulk download page,
Ce qu'il faut surveiller
Grille de lecture
policy easing
China should first be read through policy easing. When this regime shifts, local multiples and sector leadership usually shift with it.
property stabilization
The market is generally framed through credit and liquidity policy, the balance between domestic demand and export pressure, and whether industrial leadership in strategic sectors can offset stress in property-linked activity. That makes property stabilization one of the most important signals for revising the country narrative.
export and industrial strategy
The final layer is export and industrial strategy, because it determines whether the macro backdrop turns into sustainable earnings support for the SSE Composite.
Autres pays
Poursuivez à travers Asia
Chaque carte ouvre le même modèle de pays avec sa propre carte, des variables macro permutables et une vue de référence. C'est le premier réseau lié de pages pays de la région.
Asia
🇦🇺 Australia
A resource-and-banks market where China sensitivity, commodities, rates, and domestic housing all matter.
Asia
🇮🇳 India
A domestic-growth market driven by credit expansion, capex, consumption, and rising equity participation.
Asia
🇯🇵 Japan
A globally exposed market where yen direction, corporate reform, and export cyclicals drive relative performance.
Asia
🇸🇬 Singapore
A financial and logistics hub where global trade, banking, property, and regional capital flows set the tone.
Asia
🇰🇷 South Korea
A manufacturing and semiconductor market tightly linked to the global electronics, memory, and export cycle.
Asia
🇹🇼 Taiwan
A concentrated technology market dominated by semiconductors, electronics supply chains, and AI-capex leverage.
Real GDP growth
Ce que cela signale
GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is lower by 25.0%, which points to a softer or less supportive backdrop on this measure. Across the displayed window, the broader trend is still downward.