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Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.Best For:
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Unlock The World
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THE 10 BEST PLACES TO RETIRE IN 2024
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China Facts And Figures
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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 |
| 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.
Start Your New Overseas Life Today
A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024
We Value Your Privacy! We will not share your email address with anyone else, period.
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