Government drives market demand, with government spending representing 96.7% of total demand in 2023. People’s Liberation Army is the largest company in China, generating 23.5% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 28.7% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 1.1% in 2023, largely driven by declining labour costs. The industry’s profitability increases and stands at 6.4% of turnover in 2023, the 17th highest regionally. With turnover of USD1.3 trillion, China accounts for 51.7% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Public Administration, Defence and Social Security in China: ISIC 75. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Public Administration, Defence and Social Security in China: ISIC 75 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Government and Membership Organizations is an aggregation of Public Administration, Defence and Social Security; Trade Unions, Professional, Political Organisations.
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