3 Countries Where Your Age Is An Asset
I often get questions from retirees (or soon-to-bes) wondering about how older folks are treated internationally, worried that they might...
Read moreLief 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.
Information Type | China Data |
---|---|
Population | 1.5 billion people (June 2023 est.) |
Gross Domestic Product (GDP) | US$17.9 trillion (2022) |
GDP Per Capita | US$$12,541 (2023) |
Inflation Rate | Projections by the IMF expect the inflation rate to fall back to around 0.7% in 2023. It reached 3% in 2020. |
Currency | Chinese Yuan (CNY); officially known as Renminbi (RMB) |
Exchange Rate Versus U.S. Dollar | Click here for currency conversion at today’s exchange rate. |
Language | Standard Chinese or Mandarin; various dialects |
Capital | Beijing |
Population of Capital City | 21,766,000 (2023) |
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 | 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 |
Start Your New Life Today, Overseas
I often get questions from retirees (or soon-to-bes) wondering about how older folks are treated internationally, worried that they might...
Read moreI often get questions from retirees (or soon-to-bes) wondering about how older folks are treated internationally, worried that they might...
Read moreI often get questions from retirees (or soon-to-bes) wondering about how older folks are treated internationally,...
Read moreFor North Americans, Halloween is all about jack-o-lanterns, spooky or comical costumes, trick-or-treating, and excessive candy consumption. In other parts of the world, the period around Halloween Day is filled with celebrations and activities with one thing in common—honoring the undead. Regardless where you find yourself this time of year, chances are reminders of death and the dead are all around… 1. Samhain: Derry, Northern Ireland Credit: AdobeStock/Henryk Sadura The roots of Halloween spring from Celtic tradition: Samhain is a...
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