China

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chine-shanghai-city

chine-flagChina Information

The People’s Republic of China is one of the East Asian countries. With over 1.3 billion people, about one sixth of the world population, is the most populous country in the world. The recognition of Communist China January 27, 1964 was the starting point of official relations between the People’s Republic of China and the French Republic. France has been the first major western country to appoint a full-Beijing ambassador. The bilateral relationship is characterized since 1997 by a strategic partnership resulting in a steady stream of high-level political exchanges and dialogue that encompasses all subjects, to the extent of the rise of China in all fields .

General

Official name: People’s Republic of China
Type of government: Republic
Head of State: President XI Jinping
Head of Government: Prime Minister Li Keqiang

Geography

china-map
republic-of-china-map

Area: 9,561,000 km²
Capital: Beijing (Beijing)
major cities: Shanghai, Guangzhou, Tianjin, Chongqing, Wuhan, Chengdu, Shenyang
Official language: Chinese (Mandarin or Putonghua)
Common languages: Chinese, Cantonese, many local dialects
Currency: Renminbi (1 Euro = 7.1 RMB – exchange rate in early October 2015)
National Day: 1 October (proclamation of the founding of the People’s Republic of China)


Demography

Population: 1,368 (2014) billion people
Density: 143 / km² (2014)
Population Growth: 0.5% (2014) (World Bank)
Life expectancy: 75 years
Literacy rate: 95%
Religions: Buddhism, Taoism, Islam, Catholicism, Protestantism
Human Development Index: 0.719 (91th worldwide) (2013) (UNDP)

Economy

Economy (IMF):
GDP (2014) in billions of dollars: 9469
GDP per capita (2014) dollar: 7572

growth rate (2014): 7.4%
Unemployment rate (2014): 4.1%
Inflation rate (2014): 2%

Budget balance (2014): -2% of GDP
Current account balance (2014): 209.8 billion dollars

Major customers: United States, European Union, Hong Kong, Japan.
Main suppliers: European Union, South Korea, Taiwan, Japan.

Share of main sectors in GDP (World Bank):

agriculture: 10%
industry: 44%
services: 46%

Exports from France to China (2014): 16.2 billion euros (+ 4% compared to 2013)
French imports from China (2014): 42.5 billion euros (+ 9.7% compared to 2013) (DGTrésor)

Site of the Directorate General of the Treasury: http://www.tresor.economie.gouv.fr/Pays/chine

Consulates: Hong Kong, Shanghai, Shenyang, Guangzhou, Wuhan, Chengdu and Beijing
French community in China in December 2014 (Hong Kong included): 31 334 (entered in consular registers)
Economic situation

China became the second largest economy ahead of Japan (in GDP) in 2010 and the first world exporter ahead of Germany, in 2011. The Chinese economy is nevertheless faces major challenges, including falling demand World. The 12th Five Year Plan, which defines the direction of China’s economic policies between 2011 and 2015, aims to introduce a more balanced growth model, sitting on more domestic demand. The next five-year plan (2016-2020) is currently being prepared and should be adopted at the annual parliamentary session in March 2016.

Since 2010, the pace of Chinese growth slows: it rose from 10.3% in 2010 to 7.4% of GDP in 2014. The IMF envisages an annual GDP growth of less than 7% in 2015.

The worsening of the widespread pollution of the marine, terrestrial and atmospheric (pollution of soil and coastal ecosystems to heavy metals, chemicals and industrial wastes into rivers, desertification of the northern plains, degradation associated with mining , acid rain, etc.) is of concern to the authorities, as much by social tensions that it generates, especially in rural areas, as its economic impact.

Main income sources: Living mainly in agriculture (rice, wheat, cotton, tobacco, corn, tea and sugar), livestock (pigs and poultry), fisheries, the the coal industry, oil, steel, chemical and computer and consumer products (electronics, textiles and toys), China is home to several international airports, the most important are located in Hong Kong, Beijing , Shanghai and Guangzhou.

Strengths / weaknesses

With Europe
ambitions
Barriers to entry

Sources: www.diplomatie.gouv.fr

History

Good to know

Currency

The Renminbi (ISO 4217 : CNY), also known as Yuan, is the currency of the People’s Republic of China, except for Hong Kong and Macau which both have their own currencies. The People’s Bank of China, China’s monetary authority, issues and controls the currency.

In December 2014, the Yuan was the fifth most traded currency with 2.17 % of global payment. As a result, in November 2015, the IMF decided to add the Yuan to its basket of reserve currencies.

The Euro to Yuan exchange rate converts at 7.33 on May the 30th, 2016

Climate

Safety

Where to go?

How to settle there?

Business

To do business

 

Tax system

Personal Income tax

China applies a progressive rate from 3 to 45 %. Income tax is to be paid monthly.

Monthly income (RMB)   Rate (%)
Up to 1,500 3
From 1,501 to 4,500 10
From 4,501 to 9,000 20
From 9,001 to 35,000 25
From 35,001 to  55,000 30
From 55,001 to 80,000 35
Above 80,000 45

(80000 RMB = 11,230 €, Jan 2016  )

Corporate Income tax

Corporate Income tax rate is 25 %.
The fiscal year starts on January 1st and ends on December 31st.
Tax provisions are to be paid either monthly or quarterly.

VAT

Thestandard rate is 17 %.
There is a reduced rate of 13 % and a super-reduced rate of 3 %, in particular for very small entreprises.
Most exports are not subject to VAT

Other taxes

There are 13 other types of taxes

Custom duties

Custom duties vary from  0 to 100 %. Each case is to be considered depending on the nature of the goods and the place of import. The minimum taxable value is 50 RMB ( 7€)

Temporay import, in particular for promotion, are tax free.

Tax calculation is based on CIF values.

Aeronautics

Airlines

Industry

Armed forces

Air Force

Type In service On order
Combat
H6 120
J7 388
J8 96
J10 240
J11/SU27/30/35 272 24
JH7 71
Q5 118
Specialized missions
B 737 (MPA) 2
AN 30  (EW) 4
Challenger 870 (Recce) 5
IL 76 A501 (AEW) 1
IL 76 KJ 2000 4
Tu 154 (EW) 3
Y 8 (EW) 17
Y8 (AEW) 7
Tanker
IL78 2
Transport
IL76 17
MA 60 9
Tu 154 6
Y7 43
Y8 60
Y9 7
Helicopters
Mi 17 16
Z 8 34
Z 9 20
Training
JJ7 35
JL8 170
Y7 13

Army

Type In service On order
Transport
Y7 7
Y8 3
Helicopters
Mi17 237
S70 23
Z8 51
Z9 92
Z10 95 24
Z11 46
Z19 105 15
Training
H120 93 57
AS350 1

Navy

Type En service En commande
Combat
H6 30
J7 30
J8 47
J10 25
J15/Su30/33 27 50
JH7 34
Q5 30
Specialized missions
Ka31 (AEW) 9
SH 5 (SAR) 3
Y7 (SAR) 1
Y8 (EW, Recce) 13
Y 8 (KJ2000) (AEW) 1
Transport
Y7 17
Y8 12
Helicopters
AS565 6
Ka 27 1
Ka 28 17
Z 8 27
Z 9 29
Z 18 2
Training
JJ6 14
JL8 11
JL9 2
Mi 8 8
Y7 5

(source: https://flightglobal.com/)

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