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China Post uses a six-digit all-numerical system with four tiers: the first tier, composed of the first two digits, show the province, province-equivalent municipality, or autonomous region; the second tier, composed of the third digit, shows the postal zone within the province, municipality or autonomous region; the fourth digit serves as the ...
Many economists, consultants and businesses classify cities in China based on the tier system. [4] Businesses frequently refer to the tier system in, for example, devising marketing strategy, as it is understood that treating China as one market is simply not feasible: consumers from different regions and cities have vastly different income levels, behaviors, and trends. [5]
The Survey and Research Center for China Household Finance was established in 2010 as a non-profit academic research institution. Based out of Southwestern University of Finance and Economics and the Research Institute of Economics and Management, the center's primary objective is to conduct the nationally representative China Household Finance Survey (CHFS). [2]
This is a list of the first-level administrative divisions of the People's Republic of China (PRC), including all provinces, autonomous regions and municipalities, in order of their total disposable income per capita in 2023. The figures are given in Renminbi. Hong Kong SAR, and Macau SAR are excluded.
Division codes for statistical use consist of the administrative division codes and an additional 6 digits, identifying the administrative divisions of China at the village level and above. For example, in the code 110102 007 003, 110102 refers to Xicheng District, Beijing, 007 refers to Yuetan Subdistrict and 003 refers to Yuetan Community.
The Individual Income Tax in China (commonly abbreviated IIT) is administered on a progressive tax system with tax rates from 3 percent to 45 percent. As of 2019, China taxes individuals who reside in the country for more than 183 days on worldwide earned income.
Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%.
Rural villages and urban communities are sometimes considered as the fifth level, however they are defined by the constitution as "basic level autonomies" and there is no government on this level. As of 2017, China administers 33 provincial-level regions, 334 prefecture-level divisions, 2,862 county-level divisions, 41,034 township-level ...