Expats in China

Expats in ChinaChina: An Overview

Although China is the most populous nation in the world, with a population estimated at 1.39 billion in 2014, it is surprisingly only the fourth largest country, being slightly smaller than Canada and the USA. China is densely populated overall, though the western half is mostly devoid of people and the population is concentrated in the eastern heartland. Due to the ‘one child policy’, however, the population is only growing by 0.5% a year. India is set to overtake China in terms of population in the near future, and on current projections, the population of China will eventually start to decline.

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China has a history of advanced civilization that stretches back millennia, and for many centuries the Chinese led the world with their unparalleled technological and cultural achievements. However, by the 18th century, innovation in China had greatly declined as stagnation and inefficiency took their toll. After the Industrial Revolution, Western European nations made great leaps in science and technology and soon overtook China. From the 19th century, Western countries started to exploit China’s weakness, establishing treaty ports and gaining trade concessions. The country endured several humiliations and rebellions before the Empire fell and a republic was declared in 1912.

However, the recovery was short-lived; China was at war for nearly two decades from 1931. First, the Japanese occupied Manchuria and made it into a puppet state called Manchukuo. Around the same time, a civil war was brewing between the Nationalist rulers and the Communists. After the Japanese were defeated, the Chinese Communist Party (CCP) eventually prevailed, proclaiming the People's Republic of China (PRC) on 1st October 1949. The defeated Nationalists fled to Taiwan (officially called the Republic of China), which has held on to a tenuous de facto independence ever since.

The Chinese people suffered greatly during these wars, especially at the hands of the Japanese, but the worst horrors were still to come. Mao Zedong, the new leader of the PRC, was a man wih gigantic, impossible ambitions. He wanted to turn China into a modern industrial nation in his lifetime, by whatever means and at any cost. He therefore set up a Stalinist, totalitarian state of unrelentingly brutality. During Mao’s reign, while he and other senior CCP members lived in luxury, more than 70 million Chinese died and hundreds of millions were terrorised, beaten or starved into submission.

The dark days receded slowly after Mao's death in 1976. Deng Xiaoping, who took over as supreme leader in 1978, started to reverse Mao's barbaric policies and supervised a gradual thaw, equivalent to perestroika in the USSR. However, China's thaw has been slower, as it has yet to convert its highly restrictive political system into something resembling a democracy. On the other hand, leaving their political constraints to one side, individuals have a reasonable degree of economic freedom. China's acceptance of market mechanisms has underpinned its startling economic and technological advances in the last twenty years. The current president of China is Xi Jinping.

In a couple of decades or so, China may become the world's largest economic power, at least in terms of financial influence. In 2011 China's GDP was US$11.3 trillion at purchasing power parity, ranking fourth in the world, and about two-thirds of the US figure (if nominal GDP figures are used, China is much further behind). China's GDP has been growing at up to 10% for the past few years, while figures for stagnating Western nations are in the 1-3% range.

China is currently projected to overtake the US, at least in PPP terms, within ten years. Of course, in GDP per capita terms, the picture is much less rosy for China, with a 2011 level of US$8,400, between a fifth and a tenth of that in the US. On the other hand, the low pay rates and other costs that this figure implies are a are a laerge bonus for China, which has an enormous competitive advantage over most developed countries. Then again, some of the business practices that created this massive growth – such as the profligate creation of ‘ghost cities’ – may well cause pain for China in the future.

China's competitive advantage over the West is accentuated by what Western politicians and economists say is a secular undervaluation of China's currency, the yuan or Renminbi. This accounts for the difference between 'nominal' and 'PPP' GDP figures. China disagrees, but is very gradually allowing the Renminbi to trade up. The currency remains non-convertible in most respects, although a number of capital market instruments, particularly in Hong Kong, are chipping away at this. It is expected that the Renminbi will become convertible within five years, and the difference between nominal and PPP valuations will probably unwind over the same period.

 

Country Name: China
Coordinates: 32.9043° N, 110.4677° E
Capital: Beijing
Capital Coordinates: 39°55'N 116°23'E
Other Main Cities: Shanghai, Chongqing, Hong Kong
Population: 1353821000
Area: 9706961
Official Language(s): Standard Chinese
Ethnic Group(s): Han Chinese 91.5%, Other 8.5%
Demonym: Chinese
Currency: Renimbi, ¥
GDP: $12.405 trillion
Time Zone: China Standard Time (UTC+8)
International Dialling Code: 86
Internet TLD: .cn
ISO: CN
Electricity Voltage: 220 Volts AC (50Hz)

 

 

Latest Forum Posts in 'China'

 

INSTRUMENT
By mahendra, 2nd Sep, 22:44
For genuine and Serious inquiry of any form of banking instrument (BG/SBLC/MTN/DLC/LC) Which can be engage in PPP Trading,… Read

 

Financial Offer/Business Funding Through Bank Instruments
By nathani01, 12th Jan, 16:38
Are you an individual businessman or a organisation that wishes to expand in business ??, we offer financial instrument such … Read

 

Never use Links Asia Moving Company
By TJ, 18th Feb, 12:16
Whatever you do; DON'T use Links Asia Moving Company! I was mistaken trusting them with the door-to-door shipment of my 6c… Read

 

Car rental in Shanghai
By shanghaicar, 2nd Oct, 12:17
Licensed & Insured Shanghai/Suzhou/Wuxi/Hangzhou Car Transfer Our company has abundant vehicle resource(all kinds of s… Read

 

Best places to visit
By david12, 18th Sep, 08:40
It's pretty cheap to get a train from Hong Kong to Xiamen and then on to Mount Wuyi. If you are after a more relaxing jaun… Read

 

Best places to visit
By Evie, 10th Sep, 10:11
Hi Guys, I am thinking of venturing out of Hong Kong and heading into China for my holidays. I would like to see the be… Read

 

Car rental in Shanghai
By david12, 4th Sep, 14:36
I used Ba-Shi and found them to be good: Read

 

Car rental in Shanghai
By R Berque, 3rd Sep, 13:51
I'm looking hire a car for 2 months. I want to travel. Does anyone know good company?… Read

 

China Expat Service Providers

Experts in Moving Expatriate Healthcare

Country Information

Financial Considerations In China

Financial Considerations In China

» Money Transfers
» Foreign Exchange
» Banking
» Pensions
» Investment
» Wealth Management
» Property Investment
» Insurance

 

Taxation In China

Taxation In China

» Overview of Tax Issues
» Employment Taxation
» Business Taxation
» Investment Taxation
» Tax Treaty Considerations

 

Healthcare In China

Healthcare In China

» National Health Services
» Doctors and Hospitals
» Health Insurance
» Health Emergencies

 

Education In China

Education In China

» State School Systems
» Private Schools
» International Schools
» Universities
» Language Schools

 

Immigration In China

Immigration In China

» Visas and Passports
» Settlement, Residence and Citizenship
» Family Members and Marriage
» Working

 

Employment And Business In China

Employment And Business In China

» Finding a Job, CVs, Interviews and Etiquette
» Work Culture and Labour Market
» Owning and Operating a Business
» Business Groups, Associations and Networking
» Business Taxation

 

Accommodation In China

Accommodation In China

» Where to Live
» Finding, Buying and Renting
» Mortgages

 

Relocation In China

Relocation In China

» International Relocation
» Repatriation
» Expats Relocating with Families and Pets

 

Social And Cultural Traits In China

Social And Cultural Traits In China

» Languages
» Guide to Cultural Traits
» Expat Groups

 

Living In China

Living In China

» Safety and Emergencies
» Retirement
» Family Life and Childcare
» Solo Living and Dating
» Shopping
» Entertainment, Media and Television
» Arts and Culture
» Fitness and Sport
» Communications
» Driving and Public Transport
» Government, Politics and Legal Systems
» Regions and Cities


 


 




Moving to China

If you are considering moving to China or are soon to depart, you can find helpful information and advice in the Expat Briefing dedicated Chinese section including; details of immigration and visas, Chinese forums, Chinese event listings and service providers in China.

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Living in China

From your safety to shoppingliving in China can yield great benefits as well as occasional drawbacks.  Find your feet and stay abreast of the latest developments affecting expats in China with relevant news and up-to-date information.

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Working in China

Working in China can be rewarding as well as stressful, if you don't plan ahead and fulfill any legal requirements. Find out about visas and passports, owning and operating a company in China, and general Chinese culture of the labour market.

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