China's decision on April 1st, 2017 to set up the Xiongan New Area near Beijing would usher in a new chapter in the country's historic transitioning to coordinated, inclusive and sustainable growth, which unexpectedly unleashed a new wave of foreign investment in China.
Tannet Group, the investment professional advisor, will help you understand the investment in China comprehensively. The Following is Investment Guidance in China for your reference.
I. Overview of China
Geography and Demographics
Located in East Asia, on the western shore of the Pacific Ocean, the People's Republic of China (PRC) has a land area of about 9.6 million square km, and is the third-largest country in the world, next only to Russia and Canada. China has many onshore neighbors, with Russia and Mongolia to the north, Kazakhstan, Kyrgyzstan, Pakistan and India to the west, Myanmar, Thailand and Vietnam to the south and southeast, and Korea to the east. Across the seas to the east and southeast are Japan, the Philippines, Malaysia and etc.
The distance between the capital Beijing and Tokyo (Japan) and San Francisco (USA)to its east is 1,310 km and 5,800 km respectively; Paris(France) to its west, 5,090 km; Singapore to its south 2,790 km.
Economic System
China implements the socialist market economy, whereby the government regulates the economy on the market basis. The supply of resources and the prices of most of the goods and services are market-based whereas a very small number of goods and services are priced by the government or the pricing is under the guidance of the government.
Labor can flow freely; enterprises have full authority of their operation within the limits prescribed by law and are free from government intervention.
Culture and Customs
The unique Chinese culture and customs formed since ancient times are a typical representation of the Far East's. Frugality, modesty and the family and community-oriented value are reflected by most Chinese people's day-to-day behavior. The Chinese people, comprising 56 ethnic groups, are inclusive and open to foreign cultures as a result of long-term integration of multi-ethnic groups. Western cultures are gradually assimilated into the Chinese culture. For example, thanks to the policy of religious freedom pursued by the Chinese government, Christianity and Catholicism are widely spread in China, as demonstrated by the presence of Christian and catholic churches in most cities in China.
II. Two Laws
Laws and Regulations
Major Foreign Investment Laws and Regulations
The law of the People's Republic of China on Chinese-Foreign Equity Joint Ventures and its implementation regulations;
The law of the People's Republic of China on Chinese-Foreign Contractual Joint Ventures and its implementation Rules;
The law of the People's Republic of China on Wholly Foreign-Owned Enterprises and its implementation Rules;
The Enterprise Income Tax Law of the People's Republic of China and its implementation Rules;
Provisions on Guiding the Orientation of Foreign Investment; Catalogue for the Guidance of Foreign Investment Industries; Catalogue of Advantaged Industries for Foreign Investment in the Central-Western Region;
General Laws and Regulations
The Company Law of the People's Republic of China;
The Contract Law of the People's Republic of China;
The Insurance Law of the People's Republic of China;
The Arbitration Law of the People's Republic of China;
The Labor Law of the People's Republic of China;
III. Policies and Preferences
Industrial Policies
Chinese government's foreign investment-related industrial policies are embodied in the Provisions on Guiding the Orientation of Foreign Investment (Amended in 2004), according to which projects with foreign investment fall into 4 categories, namely encouraged, permitted, restricted and prohibited ones. The projects with foreign investment that are encouraged, restricted and prohibited are listed in the Catalogue for the Guidance of Foreign Investment Industries.
And those that don't fall into the categories of encouraged, restricted or prohibited projects are the permitted projects with foreign investment, which are not listed in the Catalogue for the Guidance of Foreign Investment Industries. Foreign investment projects falling into the encouraged and the restricted category in the Catalogue and involving technology transfer, imported equipments for self- use within the aggregate investment, excluding commodities listed in the Catalogue of Import Commodities for Foreign Investment Projects with no Tax Exemption, are exempted from the tariffs and import value-added tax.
According to the Announcement of State Administration of Taxation on Issues of Enterprise Income Tax Concerning In -depth Implementation of Western Development Strategy, for enterprises established in western China whose main business fall within the scope prescribed in the Catalogue of Encouraged Industries in Western China and which derive 70 percent or more of its total revenue from its main business, a reduced 15% enterprise income tax (EIT) rate shall be applied upon approval by the tax authority in charge, effective from 1 January 2011 to December 31, 2020.
In accordance with the Provisions on Guiding the Orientation of Foreign Investment, those foreign investment projects under any of the following circumstances shall be listed as the encouraged projects :
A. Projects for new agricultural technology, comprehensive agricultural development, and for energy, transportation and key raw materials industries;
B. Projects for high and new technology, advanced applicable technology which can improve the product performance and increase the technology economic efficiency of the enterprises or produce new equipments and new material which the domestic production capacity fails to produce;
C. Projects which meet the market demands, improve the product quality, develop new markets or strengthen the international competitive capacity of the products;
D. Projects adopting new technologies and new equipments that can save energy and raw materials, comprehensively utilize resources and regenerate resources, and prevent environment pollutions;
E. Projects giving full play to manpower and resource advantages in the central-western region of the country and conforming to national industrial policies;
F. Other cases that are regulated by laws and administrative regulations.
Foreign investment projects under any of the following circumstances shall be listed as the restricted projects:
A. Projects adopting backward technologies;
B. Projects adverse to saving resources and improving environment;
C. Projects for prospection and exploitation of the specific type of mineral resources to which the state applies protective exploitation;
D. Projects falling into the industries that the state opens step by step; E. Other cases that are regulated by laws and administrative regulations.
Those foreign investment projects under any of the following circumstances shall be listed as the prohibited projects:
A. Projects harming the state safety or impairing the social and public interests;
B. Projects polluting the environment, damaging natural resources or harming human health;
C. Projects occupying large amounts of arable land and being adverse to the protection and development of land resources;
D. Projects harming the safety and performance of military facilities;
E. Projects using the particular craftsmanship or technologies of China to produce products;
F. Other cases that are regulated by laws and administrative regulations.
The projects with foreign investment that don't fall into the above three categories shall be the permitted projects.
The permitted projects with foreign investment of which the products are all directly exported shall be regarded as the encouraged projects; the restricted projects with foreign investment of which the export sales accounts for more than 70% of their total amount of sales shall be regarded as the permitted projects upon the approval of the people's governments of provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan or the competent department under the State Council.
The conditions can be eased for the permitted and restricted projects with foreign investment that really can bring the advantages of the central-western region into full play; among them, those listed in the Catalogue of Advantaged Industries for Foreign Investment in the Central-Western Region can enjoy the preferential policies for the encouraged projects with foreign investment.
3.2 Regional Policies
Since the reform and opening up, China has adopted a holistic strategy of proceeding in an orderly and step-by-step way from the coastal region to inland cities. Currently, the main economic areas are as follows:
China (Shanghai) Pilot Free Trade Zone: In order to promote the development of China (Shanghai) Pilot Free Trade Zone, the State Council and the Ministry of Culture, Ministry of Communications, China Securities Regulatory Commission, China Banking Regulatory Commission and other relevant departments have introduced relevant policies. (See Section V of this chapter)
Special Economic Zones: Shenzhen, Zhuhai, Xiamen, Shantou, Hainan Island, Kashgar. SEZ is special economic zones which China adopts special policies and flexible measures to attract external funding, especially foreign funds for development and construction. In order to promote the development of SEZ, the state and the provinces which the special zones locate have provided preferential policies in funding, taxes, etc.
State-level New Area: Shanghai Pudong New Area, Tianjin Binhai New, Xiongan New Area, Chongqing Liangjiang New Area, ZhouShan Islands New Area, Gansu Lanzhou New Area, Guangdong Nansha New Area, Zhengzhou Zhengdong New Area. The state-level new areas have features as the new national reform pilot areas and the new industrial areas. To speed up the development of corresponding area, and promote the development of the surrounding areas, China has provided greater support concerning policy and funding.
State-level Economic & Technological Development Zone, Border Economic Cooperation Zone, High-Tech Industrial Development Zone. The relevant policies like the Opinions on Promoting the Further Development of State-level Economic and Technological Development Zones ratified by the State Council and Management Methods on Financial Discount Interest Funds for Infrastructure Construction Loans in the State- level Economic & Technological Development Zones in Central and Western Regions published by the Ministry of Finance have provided support from the land planning, infrastructure facilities, project approval, financial policy, introduction of talents, etc.
The western development policies：in accordance with the strategy of developing China's western region, investment including that from abroad is encouraged to put into inland China in the central and western region. Policies and measures relevant to the foreign investment are:
A. Projects included in the Catalogue of Advantaged Industries for Foreign Investment in the Central-Western Region shall enjoy the same policies as encouraged projects.
B. With regard to foreign businessmen investing in infrastructure and advantaged industry projects in the western region, the limit of the proportion of foreign investment shall be appropriately eased.
C. Foreign businessmen are encouraged to invest in the western region in infrastructure construction and resource development like agriculture, water conservancy, ecology, transportation, energy, municipal works, environment protection, mineral resources, tourism, etc., and to establish technology research and development centers.
D. Service and trade sectors of the western region opened to the outside world are expanded: the pilot projects of foreign investment in banks are extended to municipalities directly under the Central Government, capital cities of provinces and autonomous regions; banks with foreign investment of the western region are allowed to run RMB business step by step; foreign businessmen are allowed to invest in the western region in telecommunications, insurance, tourism, and to set up Chinese-foreign equity joint accounting firms, law firms, municipal public enterprises, and other enterprises of areas promised to open; experimental units of some fields opening to the outside are allowed to start in the western region before in other places.
E. Channels of using foreign investment are expanded: BOT and TOT trials are permitted in the western region for foreign investors; foreign-invested projects are permitted to launch project financing which includes RMB; qualified foreign-invested enterprises in the west region are supported to list in domestic and overseas stock markets; enterprises of industries encouraged and permitted by the state in the western region are supported to attract foreign investment by transferring managerial authority, selling stock equity, merger and reorganization, etc..; ways of Chinese-foreign equity joint industry funds and risk investment funds are actively explored to attract foreign investment.
F. The established enterprises with foreign investment in China are encouraged to reinvest in the western region; and reinvestment projects of which the foreign investment exceeds 25% shall enjoy the treatment of enterprises with foreign investment.
3.3 Tax Policies
Major Taxes
Taxes applied to foreign-invested enterprises, foreign enterprises and foreign individuals (including compatriots from Hong Kong, Macao and Taiwan) in China are: corporate income tax, individual income tax, turnover taxes (including value-added tax, consumption tax, and business tax), land value -added tax, stamp duty, vehicle and vessel usage license plate tax, urban real estate tax, etc.. Import and export goods shall pay tariff and import value-added tax in accordance with Customs' tariff regulations and relevant provisions.
A. Enterprise Income Tax: Since the January of 2008, foreign-invested enterprises or foreign enterprises which have set up institutions or sites in China to engage in production or business operations shall pay corporate income tax in accordance with the amount of taxable income, and the tax is levied at the average rate of 25 percent; however, foreign enterprises that have not set up institutions or sites, in China but have gained profits(dividends), interest, rent, royalty, and other income from Chinese territory shall pay 20 percent income tax.
B. Value-Added Tax: All entities and individuals engaged in selling goods or providing processing, repairs, replacement, labor services and the imported goods within the territory of the People's Republic of China are taxpayers of Value-Added Tax. The basic tax rate of VAT shall be 17% (for grain, edible vegetable oils, tap water, books, newspapers, magazines, feeds, chemical fertilizers, pesticides, agricultural machinery and some other goods, the tax rate shall be 13%).
In 2011, the Ministry of Finance, State Administration of Taxation jointly issued the pilot plan of levying value added tax in lieu of business tax. It prescribed that on top of the original VAT rates at 17% and 13%, two new rates at 11% and 6% were added. The VAT tax rate is 17% for the tangible property leasing services industry, 11% for the transportation industry and construction industry, and 6% in the remaining modern service industries.
C. Business Tax: All entities and individuals engaged in providing transportation and communications, posts and telecommunications, finance and insurance, construction, culture and sports, entertainment, services, the transfer of intangible assets or selling immovable properties within the territory of the People's Republic of China are taxpayers of Business Tax. There are 3 different tax rates of Business Tax, from the lowest 3% (such as transportation and communications fee) to the highest 20% (such as entertainment). In 2011, approved by the State Council, the Ministry of Finance and the State
Administration of Taxation jointly issued the scheme on carrying out the pilot practice of levying value added tax in lieu of business tax on the transportation industry and some modern service industries in Shanghai since 1 January 2012. Till August 1, 2013, the pilot practice of “levying value added tax in lieu of business tax” had been promoted to the whole country.
D. Stamp Duty: All entities and individuals engaged in the procession of purchase and sale, processing, contracting, property leasing, goods transportation, warehousing, loans, property insurance, technological contract, as well as documents for transfer of property rights, business account books, and certificate of authorization within the territory of the People's Republic of China shall pay Stamp Duty in accordance with regulations. The lowest tax rate of Stamp Duty is 0.05‰, and the highest is 1‰. Each certificate of authorization and business account book (excluding account book that records capital) must paste a stamp for 5 Yuan.
E. Import and Export Tariff: At present, the average import tariff rate of China is 9.8%. Except for several important resource commodities, China imposes no export tariff on other commodities.
F. Consumption Tax: All entities and individuals engaged in production, commissioned processing or import of consumer goods like tobacco, alcoholic drinks, alcohol, cosmetics, skin-care and hair-care products, precious jewelry and jade, firecrackers, fireworks, gasoline, diesel, automobile tires, motorcycles, and motor cars, within the territory of the People's Republic of China are taxpayers of Consumption Tax. There are 14 taxable items and 14 types of tax rates (tax amounts) of Consumption Tax, from the lowest 3% to the highest 45%. The computation of tax payable for
Consumption Tax shall either determine the quota by the amount or fix the rate by the price.
G. Deed Tax: All entities and individuals as the acceptors of the transfer of land or housing ownership within the territory of the People's Republic of China are taxpayers of Deed Tax. The transferring of land and housing ownership refers to: Remising national land-use rights, excluding the transferring of management rights of rural collective land contracting; Transferring of land-use rights, including selling, gifting and exchanging; House buying and selling; House gifting; House exchanging. The rate of Deed Tax ranges from 3% to 5%.
H. Urban Real Estate Tax: The house property owned by foreign-invested enterprises or foreigners shall pay Urban Real Estate Tax. The computation shall follow either with the original value of house property after a one-off deduction of 10%-30%, and the annual tax rate is 1.2%; or with the rent of house property, and the tax rate is 12%. Urban Real Estate Tax takes one year as a unit, and is paid by stages.
I. Vehicle and Vessel Tax: Vehicles and vessels owned by foreign-invested enterprises shall pay Vehicle and Vessel Tax in accordance with the Vehicle and Vessel Tax Law of the People's Republic of China and Schedule of Vehicle and Vessel Tax Items and Amounts.
J. Individual Income Tax: An individual, who has a domicile within the territory of China or who has no domicile but has stayed within the territory of China for one year or more, shall pay individual income tax for his income obtained in and/or outside the territory of China according to the Law of the People's Republic of China on Individual Income Tax and its implementation regulations.
3.4 Preferential Tax Policies
Since the January of 2008, the Chinese government has started implementing the new Enterprise Income Tax Law, unifying the preferential tax policies and adopting a new tax preference regime which takes industrial preference as principal and regional preference as supplementary.
For enterprises engaged in industries of high and new technology, infrastructure, agriculture, forestry, animal husbandry and fishery, environmental protection, safety production, etc.., preferential tax policies are implemented, including those policies mentioned below: High-tech enterprises shall enjoy the preferential tax rate of 15%; small thin-profit enterprises shall enjoy the preferential tax rate of 20%; foreign-invested enterprises located in the western region that are engaged in the encouraged industries of the state shall enjoy the preferential tax rate of 15%; for the incomes generated from investment in and business operations of the important public infrastructure projects supported by the State, from the tax year they obtain their first income of production and operation, enterprises shall enjoy the treatment of three-year tax reduction and two -year tax exemption; enterprises engaged in agriculture, forestry, animal husbandry and fishery industries can enjoy the reduction of or exemption from corporate income tax; enterprises' equipment procurement and investment in environmental protection, energy and water conservation and safe production, can be deducted from the taxable income; enterprises' expenditures for research and development shall enjoy an additional deduction of 50% of the R & D expenditures in accordance with the provisions on the basis of the actual deductions, whereas intangible assets have been capitalized, they shall be amortized at 150% of the cost of the intangible assets; the portion of taxable income not exceeding 5 million yuan earned by a enterprise from technological transfer in a tax year shall be exempted from corporate income tax, and the portion in excess of 5 million yuan shall be taxed at a 50% reduced rate; the newly established high- tech enterprises in the five Special Economic Zones and Shanghai Pudong New Area shall, from the tax year they obtain their first income of production and operation, enjoy the three-year tax reduction and two-year tax exemption treatment; venture investment enterprises engaging in venture investments may deduct a certain proportion of the investment from the taxable income. If an enterprise has already been set up and enjoyed low tax rates upon approval before the promulgation of the present Law, it can gradually transfer to the tax rate as prescribed in the present Law within five years as of the promulgation of the present Law; if an enterprise enjoys the preferential treatment of tax exemption for a fixed term, after the promulgation of the new Law, it can continue to enjoy such treatment until the fixed term expires.
In the Framework Plan for the China (Shanghai) Pilot Free Trade Zone issued by the State Council in 2013 it is prescribes that: (1) Implement tax policies to boost investment. For enterprises or individual shareholders registered in the China (Shanghai) Pilot Free Trade Zone that carry out investment using non-monetary assets, the income tax payable due to the increase in asset valuation can be paid by installments within a five-year period. Where enterprises within the China (Shanghai) Pilot Free Trade Zone award highly-skilled employees or employees in short supply by means of shares or capital contributions, the relevant individual income tax may be paid by installments as same as the policies piloted in Zhongguancun. (2) Implement tax policies to promote trade. Financial leasing companies registered or project companies set up by financial leasing companies with registration in the China (Shanghai) Pilot Free Trade Zone may enjoy the pilot policies of export tax refund for qualified financial leasing business. A domestic leasing company registered or its project companies with registration in the Pilot Free Trade Zone may enjoy reduced import VAT on an aircraft with empty weight no less than 25 tons, provided that such aircraft is to be leased to a domestic airline with approval from competent authorities. Import VAT and consumption taxes will be applicable in accordance with relevant laws and regulations, on the products manufactured or processed by a company within the China (Shanghai) Pilot Free Trade Zone but sold to the Mainland China outside of the China (Shanghai) Pilot Free Trade Zone. Enterprises will be provided with the option of calculating import duty according to the duty rates applicable to the finished goods or the imported parts. Currently, the imported machines, equipment and other goods required by manufacturing enterprises as well as manufacturing service companies that are set up in the China (Shanghai) Pilot Free Trade Zone, may be exempt from import taxes, other than those imported by consumer services companies or those which cannot enjoy import taxes exemption as stipulated in laws and regulations. Tax refund policies on the port-of-departure will be improved, and the expansion on pilot scope (e.g. departure ports, carriers and means of transport) will be studied.
IV. Labor Market
China has a huge supply of labor so companies and employers can dictate the terms. If a worker is unhappy that pay is too low or the conditions are too harsh, he or she can easily be replaced: there are millions of other waiting in line for the job. The details of labor costs are a carefully-guarded secrets in China but analysts estimate that the wages and benefits per factory workers are about a tenth of what they are in the United States. A study by the McKinsey consulting group found that the average Chinese workers needs to put in seven hours on the job to earn enough to purchase the same amount of goods or services that an American worker could buy with one hour's pay.
Chinese workers are becoming more efficient. Labor prices increased 15 percent in 2006 and 2007 but productivity increased even more, meaning that unit labor costs had decreased.
By 2030 40 percent of the global work force will come from China or India."Source: The Economist.
The average salary in Hangzhou’s corporates rose to 5,844 yuan per month, the fifth highest in China, according to job-hunting website 51job.com.
Shanghai topped the list of 28 mainland cities at 7,214 yuan, followed by Beijing (6,947 yuan), Shenzhen (6,819 yuan) and Ningbo (5,906 yuan).
Guangzhou, Suzhou, Chongqing, Nanjing and Chengdu rounded out the top 10 in a narrow range from 5,694 yuan to 5,268 yuan per month. Taiyuan was at the bottom of the list at 4,314 yuan.
The average salary of workers in wholly foreign-owned companies reached 8,282 yuan, compared to 6,930 yuan at joint ventures and 6,285 yuan at state-owned enterprises.
V. Guidance of Foreign Investment Industries
The State Council published the Notice about Several Measures for Opening Wider to the Outside World and Actively Using Foreign Capital in January, 2017, and the following are the main points:
4.1 The Foreign Investment Industrial Guidance Catalogue will be revised by China"s National Development and Reform Commission and Ministry of Commerce to lower the thresholds for investment in manufacturing, service and mining industries and to encourage foreign capital to participate in the implementation of innovation-driven development, upgrade of manufacturing industry and start-up business in China by overseas talents.
4.2 The Chinese government will relax entry controls for banks, securities brokerages, securities investment fund companies and futures and insurance companies. Accounting, auditing, architectural design and rating services are also open to the foreign investment; telecom, internet, culture, education and transport areas are gradually open up to the foreign investors as well.
4.3 China will lift restrictions in the sections of rail transportation equipment, motorcycles, fuel ethanol, and oil and fat processing.
4.4 Thresholds in oil shale, oil sand and shale gas sectors will be lowered for foreign investors.
4.5 The governmental procedure for cooperation projects in oil and natural gas sectors will be changed from examination and approval system to archive filling system.
4.6 Foreign-funded companies will be encouraged to invest in productive service industry to improve the traditional industries, such as high-end, smart and green manufacturing, and industrial design and innovation, engineering consulting modern logistics, verification, testing and certification.
4.7 China will support foreign investment to involve in the construction of infrastructure, including energy, transportation, water construction, environmental protection and urban development, by way of franchising.
4.8 China will support foreign companies setting up research and development centers and strengthening cooperation with domestic peers.
4.9 The overseas high-level innovators will be encouraged.
4.10 Foreign-funded enterprises will enjoy equal status to local counterparts
4.11 The intellectual property rights of the foreign-funded enterprises will be protected.
4.12 China will support foreign-funded enterprises to expand financing channels. Foreign-funded enterprises will be allowed to be public listed in different level listing markets, and will also support the foreign invested companies to issue enterprises bonds, corporate bonds, convertible bonds and make financing through debt financing instruments of non-financial enterprise.
4.13 China will deepen the reform of registered capital system of foreign-funded enterprises. Unless otherwise provided by laws and regulations, the foreign-funded enterprises will be exempt from minimum registered capital requirements.
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4.14 The provinces and districts shall actively push the investment promotion based on the local actual situation, in accordance with the ideas of innovation, coordination, green, open and co-sharing. The local governments will be allowed to make policies favorable to foreign investment within the legislative authority, and the projects that of great benefit to employment, economic development and technology innovation will be encouraged. The investment and operation cost will reduced, and the interests and rights of foreign-funded enterprises will be protected so that to create a better investment environment.
4.15 China"s central and west regions will be encouraged to receive foreign industrial transfers.
4.16 China will support foreign-funded projects land.
VI. Living in China
Property
Rental matters: According to the relevant provisions of China, in order to safeguard national security, social order, or other public interest, city and county public security bureau can prohibit aliens or foreign institutions from establishing residence or office in some area. Only local public security bureau approved real estate can be rented to aliens. In general, aliens cannot rent apartments from ordinary residential districts or domestic sales of commercial housing for domestic sales; however, in some cities such restrictions are gradually getting relaxed.
Purchase matters: Aliens can purchase commercial housing in China in accordance with related Chinese laws. The property purchased by aliens in China is regarded as private property, and the owner shall register his/her property at the local real estate management authority within the prescribed period in order to obtain the property right certificate.
Sale Matters: Aliens can sell their private property. After the transaction, buyers and sellers are required to go through the transfer and alteration registration procedures at the local real estate management authorities.
Inheritance matters: Aliens who inherit property in China shall apply to the notary office of their country of residence for a notarial certificate to prove their occupation, address, and the kinship between them and the people who bequeathed the property. Matters regarding the inheritance of property in China by aliens are governed by the laws of China.
Medical Service
According to their facilities, professional level, and service quality, hospitals in China are graded into three levels: level-1, level-2 and level-3 (level-3 is the highest level), and hospitals of each level are further categorized into grade-A, grade-B and grade-C (grade-A is the highest grade). Level-1 hospitals are mainly public health centers, providing prevention, medical, health care and rehabilitation services for communities. Level-2 hospitals are regional hospitals, providing comprehensive medical and health services. Level-3 hospitals mainly provide specialist medical and health services.
Most of the hospitals are funded by the government and are not-for-profit. A small portion of the hospitals and health centers are collectively or privately run. In addition, some foreign medical institutions in China also set up medical institutions in China to provide medical services mainly for aliens.
Aliens can go to any medical institution for medical treatment at the same cost as Chinese residents. In general, the higher-level hospitals charge more.
Sports and Recreation Facilities
Large and medium-sized cities in China can offer sophisticated sports and recreation facilities. Golf clubs can be found in coastal cities and central cities in hinterland provinces. Most communities have gyms, bowling alleys, swimming pools and etc.
Hotels of three-star and above grade generally have bowling alleys, billiard rooms, gyms, cable TV, satellite TV and other entertainment facilities.
In recent years, extreme sports become popular in China, and a number of extreme sports clubs have set up, e.g. the skateboard club, unicycle club, bungee club, paragliding club and so on. Gymnasiums and sports centers regularly organize football, basketball, table tennis, badminton and track and field sports competitions.
In addition, there are Chinese acupuncture and massage, sauna physiotherapy, blind massage, herbal spa services of different grades. In the outskirts of the city, there are large playgrounds, resorts, folk culture villages, wild animal parks, ecological parks, botanical gardens and fishing areas for holiday relaxation.
Contact Us
Perhaps no investment opportunity has captured the minds of investors in recent years more than that of China. For further information, please don’t hesitate to contact our investment solution department at 86-755-82143422 or email to tannet-solution@hotmail.com, or directly come up to our Beijing office, shanghai office, Guangzhou office, Shenzhen office, Hong Kong office, Chengdu office, Guangzhou office, Yiwu office, Quanzhou office, Xiamen office.
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