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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 ...
China also does not have capital gains tax, gift tax, or estate tax. [2]: 58 Interest is also not taxed. [2]: 98 Land use sales are a major non-tax component of government revenues. [2]: 21 In China, land is not privately owned. [2]: 381 It cannot be permanently owned by private individuals or businesses.
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.
China has been one of the fastest growing economies in the world since the implementation of its reform policies in the late 1970s. This economic growth has been accompanied by a rapid increase in income inequality that China's Gini coefficient increased from 0.310 in 1981 to 0.468 in 2018. [1]
However, due to the low level of productivity and per capita income, China implemented a low-wage system, and although taxes were set up, they were never levied. On September 1, 1980, the third session of the fifth National People's Congress adopted and promulgated the individual income tax law of the People's Republic of China. China's ...
Income differences in China since the 1950s have been much smaller than in most other countries. [1] There was never any attempt, however, at complete equalization, and a wide range of income levels remained. [1] Income differences grew even wider in the 1980s as the economic reform policies opened up new income opportunities. [1]
Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and five 2007 interest rate increases—due to ...
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.