Sizing Up Opportunities For Investment In Shanghai, China
When I first visited China in 1994, there were more bicycles on the streets of Chengdu, the capital of Sichuan...
Read moreInformation Type | China Data |
---|---|
Population | 1,43 billion (June 2020 est.) |
Gross Domestic Product (GDP) | US$14200 billion (2020) |
GDP Per Capita | US$8,730 (2020) |
Inflation Rate | 3% (2020) |
Currency | Chinese Yuan (CNY); officially known as Renminbi (RMB) |
Exchange Rate Versus U.S. Dollar | 7.06 yuan = 1 U.S. dollar (June 2020) |
Language | Standard Chinese or Mandarin; various dialects |
Capital | Beijing |
Population of Capital City | 20,384,000 (2015) |
Time Zone | GMT plus 8 |
Seasons | Most of mainland lies in Temperate zone:four seasons. Diverse climate range from subarctic in mountains to tropical in south to desert |
International Dialing Code | 86 |
Electricity | 220V / 50 Hz; Plug Type: A(U.S. style), I , G |
Government | Communist State |
Name and Party Affiliation of Current Leader |
Xi Jinping (Since March 2013) (Communist Party) |
Income Tax Rate for Residents | 5 – 45% |
Property Tax | $0.09 to $3.89 per square meter |
Capital Gains Tax | 20 – 60% |
Inheritance Tax | 0% |
Rental Income Tax | 7.5-10.5% (for non-residents) |
Transfer Tax | 0.1% |
Sales Tax | 17% |
Restrictions on Foreign Ownership of Property |
Residential property purchases must be for personal use or habitation; large foreign property investments over US$10 million must hold capital of 50% of total investment |
Local Chamber of Commerce | https://en.ccpit.org/ No. 1 Fuxingmenwai Street Beijing 100860 Tel. 86-10-8807-5716 |
American Chamber of Commerce | http://www.amchamchina.org/
The Office Park, Tower AB, 6th Floor |
Primary Exports | Machinery, electrical products, data processing equipment, apparel, textile, steel, mobile phones |
Residency and Visa Requirements | Tourist Visa: $130 for American citizens, $30 for other countries; 30 days duration
Residency: Teaching and work visas; permanent residency established for various individuals, including those who make a positive contribution to China, financially or culturally. Citizenship: renouncement of foreign citizenship, China as your registered place of permanent residence, and willingness to abide by China’s constitution and laws |
Special Benefits for Foreign Residents or Retirees | None |
National Airline | Airchina www.airchina.com.cn |
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