Why This Old World Great Is Now Dead Center Of My Radar
My husband Lief Simon’s first investment in property overseas was on the coast of Spain. In 2000, Lief purchased a...
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China Facts And Figures
Facts About China
| Information 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 | 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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Why This Old World Great Is Now Dead Center Of My Radar
My husband Lief Simon’s first investment in property overseas was on the coast of Spain. In 2000, Lief purchased a...
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My husband Lief Simon’s first investment in property overseas was on the coast of Spain. In...
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