Why Invest?
China is the fourth largest country in terms of size and the largest in terms of population. Business in China is booming. Driven by domestic demand and supported by World Trade Organization accession, China economy will continue to grow strongly over the next 2 years.
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Market Report
We predict to have a 7.2% growth rate in the next year and it will remain almost the same till 2010.
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Economic Overview
The economy of the People's Republic of China is the second largest in the world when measured by Purchasing Power Parity, with a GDP (PPP) of US $9.412 trillion in 2005. When measured in USD-exchange rate terms it is the 4th largest in 2005 with approximately US $2.22 trillion.
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Visa/Residency Issues
People of non-Chinese nationality need a Chinese Visa to enter China. You need to provide a valid passport, filled application form, and photos in person or through a third person. The process usually takes 5-7 working days.
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Getting to China
Approximate flight time from Shanghai to London is 10 hours. Shanghai has two main airports, with Pudong the main international gateway and Hongqiao serving most domestic flights. Be sure to check which one your flight is leaving from, and allow at least one hour to transfer if needed.
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Fees & Taxes
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Land Appreciation Tax for the part of increased value that does not surpass 50% of the deduction of fixed items, the tax rate is 30%.
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The owner or renter is the tax payer. The building property of foreign-funded enterprises and of foreign personnel should be levied quarterly at an annual tax rate of 1.2%.
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In China value added tax is 17%.
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China
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Basic Information
| Population |
23,036,087 |
| Languages |
Mandarin (Putonghua) with many local dialects |
| Area |
13,892 sq mi |
| Currency |
Yuan or Renminbi
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| Dialing Code |
+86 |
| Emergency Services |
119 / 110 |
China Overview
China is a geographical region in East Asia and Central Asia. With over one-fifth of the world's population, the majority of China exists today as a state known as the People's Republic of China, but it also refers to a long-standing civilization comprising successive states and cultures dating back more than 4,000 years.
Average Property PricesComing soon.
Buying Process
- For the purchase process, attorneys in China will be provided to manage the conveyancing procedure
- You also need to budget between 4-5% of the purchase price to cover Stamp Duty, all fees and other taxes/duties.
- Bearing in mind that private property ownership has only existed in China for a handful of years, the Chinese government are being very cautious about controlling all growth, and with prices in central Shanghai still a third of other global financial centres, these may be unwelcome in the short-term but are actually very sensible moves.
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