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    China Facts And Figures

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    Facts About China

    Reviewed by Lief Simon

    Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

    Avoid Culture Shock In Asia with these tips.
    Information TypeChina Data
    Population1.5 billion people (June 2023 est.)
    Gross Domestic Product (GDP)US$17.9 trillion (2022)
    GDP Per CapitaUS$$12,541 (2023)
    Inflation RateProjections by the IMF expect the inflation rate to fall back to around 0.7% in 2023.

    It reached 3% in 2020.

    CurrencyChinese Yuan (CNY); officially known as Renminbi (RMB)
    Exchange Rate Versus U.S. DollarClick here for currency conversion at today’s exchange rate.
    LanguageStandard Chinese or Mandarin; various dialects
    CapitalBeijing
    Population of Capital City21,766,000 (2023)
    Time ZoneGMT plus 8
    SeasonsMost of mainland lies in Temperate zone:four seasons.

    Diverse climate range from subarctic in mountains to tropical in south to desert

    International Dialing Code86
    Electricity220V / 50 Hz; Plug Type: A(U.S. style), I , G
    GovernmentCommunist State
    Name and Party Affiliation
    of Current Leader
    Xi Jinping (Since March 2013) (Communist Party)
    Income Tax Rate for Residents5 – 45%
    Property Tax$0.09 to $3.89 per square meter
    Capital Gains Tax20 – 60%
    Inheritance Tax0%
    Rental Income Tax7.5-10.5% (for non-residents)
    Transfer Tax0.1%
    Sales Tax17%
    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 CommerceNo. 1 Fuxingmenwai Street Beijing 100860
    Tel. 86-10-8807-5716
    American Chamber of CommerceAmchamchina.org

    The Office Park, Tower AB, 6th Floor
    No. 10 Jintongxi Road,
    Chaoyang District, Beijing, 100020 PRC
    Tel. (8610) 8519-0800

    Primary ExportsMachinery, electrical products, data processing equipment, apparel, textile, steel, mobile phones
    Residency and Visa RequirementsTourist 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 RetireesNone
    National AirlineAirchina
    www.airchina.com.cn

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