Hexagon AB
1 Contributions by Hexagon AB Experts
PRACTICE NOTES
Updated in October 2025
Introduction
China, formally the People’s Republic of China (PRC), became a sovereign nation in 1949 and is governed by a sole political party, the Communist Party of China (CPC). Covering roughly 9.6 million square kilometres, it is home to more than 1.4 billion people. The country comprises 23 provinces, five autonomous regions, two special administrative regions (Hong Kong and Macau), and four municipalities under direct central administration (Beijing, Shanghai, Tianjin and Chongqing). Beijing serves as the capital, and Mandarin is the official language. Ongoing economic and political reforms under the CPC have fostered political stability, economic freedom and legal certainty, positioning China as a top destination for foreign investment and as one of the world’s largest consumer markets. It is the world’s second-largest economy and actively pursues an open stance that promotes international collaboration. Consequently, businesses of all sizes and sectors are drawn to
Commercial
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