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China is the world's second largest economy with a GDP of over $9 trillion in 2013. Beijing is the capital of China and Xi Jinping is the President. Mandarin is the official language and the population was over 1.36 billion in 2013. Australia's trade relationship with China is significant, with China being Australia's largest trading partner and accounting for over 28% of Australia's total trade in 2013. Major Australian exports to China included iron ore, coal, and gold.
China is the world's second largest economy with a GDP of over $9 trillion in 2013. Beijing is the capital of China and Xi Jinping is the President. Mandarin is the official language and the population was over 1.36 billion in 2013. Australia's trade relationship with China is significant, with China being Australia's largest trading partner and accounting for over 28% of Australia's total trade in 2013. Major Australian exports to China included iron ore, coal, and gold.
China is the world's second largest economy with a GDP of over $9 trillion in 2013. Beijing is the capital of China and Xi Jinping is the President. Mandarin is the official language and the population was over 1.36 billion in 2013. Australia's trade relationship with China is significant, with China being Australia's largest trading partner and accounting for over 28% of Australia's total trade in 2013. Major Australian exports to China included iron ore, coal, and gold.
General information: Fact sheets are updated biannually; June and December
Capital: Beijing Head of State:
Surface area: 9,561 thousand sq km President HE Mr Xi J inping Official language: Mandarin Population: 1360.8 million (2013) Head of Government: Exchange rate: A$1 =5.4809 Yuan (Feb 2014) Premier of the State Council HE Mr Li Keqiang Recent economic indicators: 2009 2010 2011 2012 2013(a) 2014(b) GDP (US$bn) (current prices): 4,990.5 5,930.4 7,322.0 8,229.4 9,181.4 10,027.6 GDP PPP (Int'l $bn) (c): 8,981.5 10,039.9 11,189.1 12,255.9 13,395.4 14,625.2 GDP per capita (US$): 3,740 4,423 5,434 6,078 6,747 7,333 GDP per capita PPP (Int'l $) (c): 6,730 7,487 8,305 9,051 9,844 10,695 Real GDP growth (% change yoy): 9.2 10.4 9.3 7.7 7.7 7.5 Current account balance (US$m): 243,257 237,810 136,097 193,139 188,700 224,336 Current account balance (% GDP): 4.9 4.0 1.9 2.3 2.1 2.2 Goods & services exports (% GDP): 25.3 27.8 27.2 26.3 24.9 24.0 Inflation (% change yoy): -0.7 3.3 5.4 2.7 2.6 3.0 Australia's trade and investment relationship with China (d): Australian merchandise trade with China, 2013: Total share: Rank: Growth (yoy): Exports to China (A$m): 94,655 36.1% 1st 29.7% Imports from China (A$m) # : 47,250 19.6% 1st 6.2% Total trade (exports +imports) (A$m) # : 141,893 28.2% 1st 20.8% Major Australian exports, 2013 (A$m): Major Australian imports, 2013 (A$m): Iron ores & concentrates 52,653 Telecom equipment & parts 4,903 Coal 9,082 Computers 4,648 Gold 8,074 Clothing 4,610 Copper 2,069 Furniture, mattresses & cushions 2,026 Australia's trade in services with China, 2013: Total share: Exports of services to China (A$m): 6,881 12.5% Imports of services from China (A$m): 2,079 3.0% Major Australian service exports, 2013 (A$m): Major Australian service imports, 2013 (A$m): Education-related travel 4,042 Personal travel excl education 854 Personal travel excl education 1,675 Transport 546 Australia's investment relationship with China, 2013 (e): Total: FDI: Australia's investment in China (A$m): 29,576 6,350 China's investment in Australia (A$m): 31,899 20,832 China's global merchandise trade relationships: China's principal export destinations, 2013: China's principal import sources, 2013: 1 Hong Kong, SAR of China 17.4% 1 Republic of Korea 9.4% 2 United States 16.7% 2 J apan 8.3% 3 J apan 6.8% 3 Taiwan 8.0% 14 Australia 1.7% 6 Australia 4.7% Compiled by the Economic Diplomacy, Trade Advocacy & Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources. (a) All recent data subject to revision; (b) IMF/EIU estimate (c) PPP is purchasing power parity; (d) Total may not add due to rounding; (e) Stock, as at 31 December. Released annually by the ABS. na Data not available. np Data not published. .. Data not meaningful. # Excludes confidential items of trade. Australia's merchandise trade with China Australia's merchandise exports to China Real GDP growth CHINA 20,000 40,000 60,000 80,000 Primary STM ETM Other A$m 2008 2013 0 3 6 9 12 2009 2010 2011 2012 2013 2014 % 20,000 40,000 60,000 80,000 100,000 2008 2009 2010 2011 2012 2013 A$m Imports Exports