China
On this page you will find beneficial information regarding foreign direct investment in / trading with China. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Communist State
Population: 1.412 billion (2022)
GDP: 18.3 trillion USD (2022)
Corporate Tax Rate: 25%
Personal Income Tax Rate: 3% - 45%
Major Exports: Broadcasting Equipment ($272B), Integrated Circuits ($212B), Computers ($181B), Office Machine Parts ($111B), and Semiconductor Devices ($70.2B), exporting mostly to United States ($551B), Hong Kong ($276B), Japan ($178B), Germany ($152B), and South Korea ($150B).
Major Imports: Crude Petroleum ($287B), Integrated Circuits ($232B), Iron Ore ($103B), Petroleum Gas ($72.7B), and Gold ($67.6B), importing mostly from United States ($151B), South Korea ($150B), Japan ($135B), Australia ($123B), and China ($123B).
Investment Agency/National Chamber of Commerce: China Council For The Promotion Of International Trade
Website: https://www.ccpit.org/
Customs Agency: General Administration of Customs of the People's Republic of China (GACC)
Website: http://english.customs.gov.cn/
