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China Facts And Figures

Our China facts and figures include information on population, capital, time zone, taxes, visa info, airlines, and more.

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Information Type	China Data
Population	US$1,45 billion (June 2024 est.)
Gross Domestic Product (GDP)	US$18,533 billion (2024)
GDP Per Capita	US$13,133 (2024)
Inflation Rate	0.97% (May 2024)
Currency	Chinese Yuan (CNY); officially known as Renminbi (RMB)
Exchange Rate Versus U.S. Dollar	7.20 yuan = 1 US dollar (July 2024)
Language	Standard Chinese or Mandarin; various dialects
Capital	Beijing
Population of Capital City	22,189,000 (2024)
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	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

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.

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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.