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China Facts And Figures

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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 http://www.amchamchina.org/

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

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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