Business in China

China covers 9,571,300 sq. km, sharing frontiers with Vietnam, Pakistan, India, Afghanistan, Tajikistan, Kazakhstan, Kyrgyzstan, Russia, Mongolia, North Korea, Nepal, Bhutan, Myanmar and Laos.

Reforms:

The "Open Door" policy was first introduced by Mr. DENG Xia-Ping (China Chairman) in 1978, where several numbers economic Trade Zones have been established, namely Shen Zhen, Zhu Hai, Shan Tou, Xia Men and Hai Nan.

Joint-venture business with foreign investors as well as OEM, ODM, SKD and CKD are highly encouraged in return for special tax incentives together with attractive terms and conditions.


Language:

Pu Tong Hua (Mandarin) is the national language for communication and is also recognized as one of the international languages by the United Nations.





Administrative Regions (China)


(a) 4 Municipalities (see above map (a1) to (a4))


(a1) Beijing (a2) Tian Jin (a3) Shang Hai (a4) Chong Qing

(b) 5 Autonomous Regions (see above map (b1 to (b5))


(b1) Guang Xi (b2) Tibet (b3) Xin Jiang (b4) Ning Xia (b5) Nei Mong Gol


(c) 22 Provinces (see above map (1) to (22))

(1) Hai Nan

(2) Guang Dong

(3) Fu Jian

(4) Zhe Jiang

(5) Jiang Xi

(6) Hu Nan

(7) Gui Zhou

(8) Yun Nan

(9) Jiang Su

(10) An Hui

(11) Hu Bei

(12) Si Chun

(13) Shan Dong

(14) He Nan

(15) Shan Xi

(16) Gan Su

(17) Qing Hai

(18) Hei Long Jiang

(19) Ji Lin

(20) Liao Ning

(21) He Bei

(22) Shan Xi






Population

Population: 1.3 billion people

Nationalities of People

Nationalities: 56 different nationalities within the area, with 92% of Han Chinese.

(1) Han

(2) Mong Gou

(3) Hui

(4) Zang

(5) Wei Wu Er

(6) Miao

(7) Yi

(8) Zhuang

(9) Bu Yi

(10) Chao Xian

(11) Man

(12) Dong

(13) Yao

(14) Bai

(15) Tu Jian

(16) Ha Ni

(17) Ha Sa Ke

(18) Dai

(19) Li

(20) Li Su

(21) Wa

(22) She

(23) Gao Shan

(24) La Hu

(25) Shui

(26) Dong Xiang

(27) Na Xi

(28) Jing Po

(29) Ke Er Ke Zi

(30) Tu

(31) Da Wo Er

(32) Mu Lao

(33) Qiang

(34) Bu Lang

(35) Sa La

(36) Mao Nan

(37) Ge Lao

(38) Xi Bo

(39) A Chang

(40) Pu Mi

(41) Ta Ji Ke

(42) Nu

(43) Wu Zi Bie Ke

(44) E Luo Si

(45) W Wen Ke

(46) De Ang

(47) Bao An

(48) Yu Gu

(49) Jing

(50) Ta Ta Er

(51) Du Long

(52) E Lun Xhun

(53) He Zhe

(54) Men Ba

(55) Luo Ba

(56) Ji Nuo


Banking

(A)

Central Bank

 

 

People's Bank of China

Address: 32 Cheng Fang Lu, Xicheng Qu, Beijing.

(B)

Commercial Banks

Top five Chinese Banks: World ranking and Assets. (June 2016)

World Ranking

Bank Name

Assets (US$b)

1 Industrial & Commercial Bank of China 3,616
2 China Construction Bank Corporation 2,939
3 Agriculture Bank of China 2,816
5 Bank of China 2,629
16 China Development Bank 1,613

Additional Information

Visa

1) Visa can be obtained from Chinese Embassies or Consulates in most countries.

2)
From Hong Kong Visa Office of the Ministry of Foreign Affairs of PRC.

Address:
7th floor, Lower Block, 26 Harbour Rd., China Resources Building, Wanchai. Hong Kong.

Opening hours:
Monday to Friday (from 9:00am to 12:00pm and from 2:00pm to 5:00pm). 


For further information visit:
www.fmcoprc.gov.hk


3) From any branches of China Travel Service in Hong Kong. (CTS)

Address:
a) 2nd Floor, China Travel Building, 77 Queen's Rd. Central, Hong Kong.


b) 1st Floor, Alpha House, 27-33 Nathan Rd., Tsim Sha Tsui, Kowloon, Hong Kong.


c) Ground Floor, Southern Centre, 138 Hennessy Rd., Wanchai, Hong Kong.


d) CTS Enquiry: Tel: 23157171

e) Visit: www.ctshk.com for further information

Accommodation

Book through Chinese Travel Service in Hong Kong to obtain a better hotel rate.

Transportation

Tickets for trains, air-planes, hovercrafts and other transport to China - contact Chinese Travel Service in Hong Kong.

Currency
Yuan is the currency, divided into 100 fen.

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