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China's population is on the move, but where is it going to?
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In this episode, CBBC examines China's latest census data in the context of the emerging economic divide between the country's North and South.
While entrepreneurship flourishes in the South, a rust-belt malaise appears to be deepening in the North, in the provinces surrounding Beijing and across Central China. China's Southern provinces are outperforming the North in nearly every economic dimension: The South's share of GDP has risen to 65% of GDP; the provinces around the Greater Bay Area now maintain a foreign trade surplus of around 7%, while the North runs a -2% deficit; and while the South is home to China's richest city in nominal GDP terms, the North is home to China's poorest. But why is China's regional gap worsening? Does it represent an irreversible decline for the economies of the North? How should British businesses investing in the market interpret the data coming out of China?
Dan Wang, chief economist at Hang Seng Bank - China, explains why UK companies should continue paying attention to business news coming out of Northern and Central China, despite the census and economic data; where UK companies are already finding opportunities in these markets; and how the North/South divide affects the local business culture.
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