Peoples Republic of China
Capital: Beijing HDI: 0.719 (91st)
GDP (PPP): $17.62 trillion
Population: ~ 1.4 billion Currency: Renminbi
China has the largest population on earth and largest economy by purchasing power parity. The country is also the largest exporter, acting as a major player in international and regional trade organizations. While per capita income is below the global average, the standard of living and income has rapidly increased for the Chinese people since the opening of the economy in 1979. The rapid growth of the economy and the opportunities this provides, has resulted in China generating around one million new millionaires in 2014. The government is taking active steps to continue this exponential growth and development through investment in transport infrastructure, clean energy, and investing in innovation and research; the goal is for China to become a fully developed country with a high HDI ranking by 2050.
China Home – World Bank
Notwithstanding political uncertainty and volatility since 1970, Thailand has made remarkable progress in social and economic issues, moving from a low income country to an upper-income country in less than a generation.
China Economy, Politics and GDP Growth Summary
The president, Xi Jinping, remains the dominant force within the ruling Chinese Communist Party. Economic activity has weakened, after real GDP expanded by 7% in January-June;
Industry Trends & Business Climate
Economic Trends | China Business Review
Economic Trends” Tag … Public Debt, Emerging Market Slowdown Pose Risks for China’s Economy
China Economic Report | Outlook, Statistics and Forecasts
The Chinese currency has remained broadly stable at around 6.38 CNY per USD after the People’s Bank of China (PBOC) decided, in a historical move, to devalue the yuan on 11 August.
Establishing a Presence
10 Steps to Starting a Business in China
China’s fast-growing consumer class is giving business owners new reasons to set up shop abroad. Here’s how to start and grow your
Starting a Business in China
This page summarizes Doing Business 2015 data for China. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.
Business Types – 6 Common Types of Company Registration in China
Understanding company registration in China is also an important consideration if you are assessing the legitimacy of a Chinese company and the business information and credentials they are providing you with.
Business Registration Requirements – Setting up business in China, starting a company, registering
The following text is a detailed summary of the bureaucratic and legal obstacles that a business person / an entrepreneur needs to deal with in order to incorporate and register a new firm in China. The text outlines the steps required in setting up a commercial business or industrial firm with up to 50 employees and start-up capital of ten times the per-capita gross national income of the economy (GNI).
Business Types – Types of business presence in China
Foreign Investors generally establish a business presence in China in one of five ways: 1. WFOE, 2. Representative Office, 3. Joint Venture, 4. Partnership Enterprise (PE) and 5. Hong Kong company. 6. Shanghai Free-Trade Zone company.
Business Registration Requirements – Chinese Company Registration
A guide to company registration in China
VAT/Sales Tax China Sales Tax Rate
The Sales Tax Rate in China stands at 17 percent.
China Corporate Tax Rate
The Corporate Tax Rate in China stands at 25 percent. Corporate Tax Rate in China averaged 29.63 percent from 1997 until 2015, reaching an all time high of 33 percent in 1998 and a record low of 25 percent in 2008. Corporate Tax Rate in China is reported by the State Administration of Taxation.
Country Tax Profile: China – KPMG
Downloadable PDF file from KPMG with a complete tax profile for China.
China Personal Income Tax Rate
The Personal Income Tax Rate in China stands at 45 percent.
Individual Income Tax (IIT) in China
Our aim is to provide you with detailed information of current Individual Income Tax (IIT) laws in China and point out a few tips for avoiding a costly taxation. The first part will provide information about the Expat IIT Liability and the second part refers to whether or not the tax refund depends upon duration of stay.
VAT in China: Some Basics
China’s value added tax (VAT) system is one of the most complex in the world and one that requires significant effort to stay on top of its changing environment. Tax experts, such as Ernst and Young, caution that VAT in China can have a real impact on the bottom line and recommend companies with exposure to the China market proactively and strategically manage their VAT operations.
China Visa – Travel China Guide
Visa information for tourists, students and business
China visa application form, requirements and instructions
Travisa Passport and Visa Service for China visa application. Chinese visa support for business, tourist, and all types of travel to China.
Work permits for China
Chinese visa processes are notoriously difficult to navigate, and the safest option would be to work through an immigration expert. Immigration procedures are largely carried out at local level, and each locality has a unique structure.
Work – Travel China Guide
A work visa is required for persons wanting to work in China for pay. It is also issued to aliens who come to China for commercial entertainment performance.
Getting around China on local transport
Long-distance transport in China is good, but local transport is less efficient, except for cities with metro systems. The choice of local transport is diverse but vehicles can be slow and overburdened, and the network confusing for visitors. Hiring a car is often impractical, while hiring a bike can be inadequate. Unless the town is small, walking is often too tiring. On the plus side, local transport is cheap, taxis are usually ubiquitous and affordable, and metro systems continue to rapidly expand in large tourist towns.
Transportation – China – growth, system, infrastructure
Railways, roads, and inland waterways all play an important role in China’s transportation system, which has undergone major growth since the 1940s.
Telecom/IT – CHINA TELECOM
Telecommunications industry in China
The telecommunications industry in China is dominated by three state-run businesses: China Telecom, China Unicom and China Mobile. The three companies were formed by a recent revolution and restructuring launched in May 2008, directed by Ministry of Information Industry (MII), Nationals Development and Reform Commissions (NDRC) and Minister of Finance.
Global Legal Monitor: China: Social Insurance to Cover
Foreign workers hired by employing units incorporated or registered in China and the expatriates dispatched by their foreign employers to the foreign employers’ branches and representative offices in China must participate in China’s social insurance system
Labor tax and contributions (% of commercial profits) in China
Labor tax and contributions (% of commercial profits) in China was last measured at 49.30 in 2014, according to the World Bank. Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.
Employing Chinese staff: Tax and welfare contributions
As an employer in China, you have obligations regarding tax and welfare contributions for your Chinese staff – read on to find out what they are.
Labour Law of the People’s Republic of China
Labour Law of the People’s Republic of China
Labor Law of the People’s Republic of China
Labor Law of the People’s Republic of China (Chinese and English Text)
Business Etiquette – China – International Business Etiquette and Manners
China is believed to have the oldest continuous civilization. China has over 4,000 years of verifiable history. Beijing is the capital of China and is the focal point for the country.
Business Etiquette – Chinese Etiquette & Protocol
Greetings and Introductions. The Chinese usually do not like to do business with strangers, and will make frequent use of go-betweens.
Standard of Living – Cost of Living in China. Prices in China.
Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more
Standard of Living – Cost of living in China
Many expats are lured abroad to China by lucrative salary packages that allow them to live a far more luxurious life than many locals.
Climate – China Weather: Major City Climate
In China, a vast land spanning many degrees of latitude with complicated terrain, climate varies radically. China has a variety of temperature and rainfall zones, including continental monsoon areas. In winter most areas become cold and dry, in summer hot and rainy.
Education – China Education System
Education, School/Level, Grade From, Grade To, Age From, Age To, Years, Notes. Primary, Primary School, 1, 6, 6, 12, 6, Primary education lasts 6 years and it …
Holidays and observances in China
National holidays and observances
Holidays in China – Travel China Guide
China has seven legal holidays in a year, including New Year’s Day, Chinese New Year (Spring Festival), Qingming Festival, May Day, Dragon Boat Festival, Mid-Autumn Day and National Day.
Demographic information includes population, quality of life, health, sports, technology, energy and the environment
Safety in China
US Department of State – Go to Safety and Security for updates from the Chinese government
Safety – How Safe Is China?
Visitors and foreign residents can take steps to increase safety during their stay in China.
Climate – China Weather, Climate and Geography
China’s extreme size means it has a great diversity of climates, but being located entirely in the northern hemisphere means its seasonal timings are broadly comparable to those in Europe and the US. The northeast experiences hot and dry summers and bitterly cold winters. The north and central region has almost continual rainfall, hot summers and cold winters. The southeast region has substantial rainfall, with semi-tropical summers and cool winters. Central, southern and western China are also susceptible to flooding, and the country is also periodically subject to seismic activity.
Education – School in China: An Introduction to Chinese Education
Whether you’re thinking of going to school in China or just curious to know more, there are many similarities between schools in China and schools elsewhere. Plus, virtually anyone can go to school in China.
Demographics – China Population 2015 – World Population Review
China, officially the People’s Republic of China, is comfortably the largest country in the world today. In January 2013, the Chinese Government released data confirming that the population of China was an impressive 1,354,040,000
Import and Export Regulations in China
This is an introduction to the import and export regulations in China. The following document will outline some of the issues you should consider if you wish to import goods into or export goods from China.
Regulations of the People’s Republic of China on Import
These Regulations are formulated in accordance with the relevant provisions of the Customs Law of the People’s Republic of China (hereinafter referred to as the Customs Law) for the purposes of implementing the policy of opening to the outside world and promoting the development of foreign economic relations and foreign trade and the national economy.
China’s Free Trade Agreements
The Chinese Government deems Free Trade Agreements (FTAs) as a new platform to further opening up to the outside and speeding up domestic reforms, an effective approach to integrate into global economy and strengthen economic cooperation with other economies, as well as particularly an important supplement to the multilateral trading system.
Housing and Rentals
What You Must Know About Renting an Apartment in China
For most Westerners, we relish in the independence of renting our own apartment. It’s a rite of passage that many young people feel honored to experience. However, compare us to the Chinese and we see how different our renting culture is.
Accommodation in China | Expat Arrivals
Houses, apartments, guest houses and hotels available in China
China – Lonely Planet
A guide to major attractions in the major cities of China
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