The People’s Republic of China (PRC) is located in central Asia, facing the Pacific Ocean to the East and bordered by 14 countries: Vietnam, Laos, Myanmar, India, Bhutan, Nepal, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Kazakhstan, Russia, Mongolia and North Korea. With a surface area of more than 9.5 million sqkm, China has the world’s biggest population, with nearly 1.4 billion inhabitants (source: World Bank, 2017).
Since 2014, the PRC has also been the leading global power in terms of GDP-PPP (purchasing power parity), with a GDP of more than US$11.2 billion. China enjoys a strong international trade surplus, which remains dominated by industrial exports (source: France Diplomatie).
The European Union is China’s largest trading partner, while the PRC is the 2nd biggest trading partner of the EU, after the United States. China is the 6th biggest business partner of France, its 2nd biggest supplier, and its 8th biggest customer. More than 1,100 French companies are established in China, in various sectors of activity, employing nearly 570,000 individuals (source: Tresor, avril 2019).
In order to meet the needs of its clients on the Chinese market, Simon Associés has developed a China Desk between Paris, Beijing and Nanjing, aggregating privileged relations with economic and legal partners locally.