China Country Profile

Passport
For more details visit China Passport Ranking
  • Passport Grade
    C-
  • Passport Ranking
    109/198
  • Passport Score
    59.5/198
  • Visa-free Countries
    80
  • Visa-required Countries
    118
  • Access to the World's GDP
    25%
  • Access to the World's Surface Area
    26%
  • Access to the World's Population
    40%
  • Access to the Unesco Sites
    25%
Citizenship and Naturalization
Birthright citizenship (Jus Soli)
  • Birthright citizenship (Jus Soli)
    No
    No provisions
Naturalization - Standard Conditions
  • Minimum residency period
    0 years
    Successful naturalizations are exceptionally rare.
  • Physical presence requirement
  • Language test
    0
  • Need to renounce original citizenship?
    Yes
  • Can minor children naturalize?
  • Can naturalized parents pass citizenship to a child born abroad?
  • Can you lose naturalization due to prolonged absence/ naturalization elsewhere?
Naturalization - Your Spouse is a Citizen
  • Living IN the country: Residency/marriage requirement
    0 years / 0 years
    Close relatives (including spouses) of a citizen may apply immediately. But cases of successfull naturalizations are exceptionally rare.
  • Living ABROAD: Marriage requirement
    N/A
  • Language test
  • Need to renounce original citizenship?
    Yes
Naturalization - Other Beneficial Provisions
  • Your child is a citizen
    No provisions
  • Citizens of specific countries
    No provisions
"–": The provision has not been analysed.
Taxation
For more details visit Cost of Living
  • Taxation Type
    Residence-based
A tax resident of a country with a RESIDENCE-BASED tax system pays taxes on their WORLDWIDE income. However, if you lose tax residency status there (e.g., by moving out), the country will generally stop taxing you.
Schiff Sovereign's Take on China
If money talked, these days it would likely speak Mandarin.

China has grown to become the second-largest economy in the world (and by some measurements it is the largest). And this trend will only continue. 

The Chinese have spent decades producing and saving, so they can now enjoy increasing levels of wealth and upward mobility. In contrast, the West has spent decades spending and borrowing, so they have the opposite of wealth – rampant debt and a plummeting quality of life. 

China is on its way to becoming the world’s next dominant economy and superpower. And they are getting there at the same speed as one of their brand-new bullet trains.

But that ride is not going to be smooth. There are serious systemic problems in China. 

The country’s government has managed to rack up a lot of debt, especially at a  provincial level. Misallocation of capital is also notorious – everyone has heard about Chinese ghost cities built by the government from scratch. These are places where no one wants to live.

They have a shadow financial system that is epically over-leveraged.

Yet as a place to live, China offers various benefits – a very reasonable cost of living, the opportunity to get a great education in Mandarin, and the ability to access China’s business environment with ease.

But there are also some serious and infamous drawbacks.

Human rights is definitely an issue. 

And they also have their notorious Social Credit System in place. 

Their government wants to control every aspect of your life. They don't have a qualm about locking down their megapolices in 2022, when pretty much the entire planet has gotten over the Covid hysteria already.

If you do something the government doesn't like, as a punishment, you can be banned from traveling. Or you might be forced to use a slow internet connection. Or you might be excluded from using hotels, be forced to pay higher taxes, or even get shamed publicly.

If you want to succeed in China, you better keep your social score high.

Pollution is also a significant issue. It’s not just air pollution that can cause major health problems, but also the pollution of the country’s soil, water and food. (Of course, you could go to Hainan Island. It is a resort island with a tropical climate and far less pollution – but that would also be less practical for a range of reasons.)

The other drawback is low English proficiency. And Mandarin – both spoken and written – is a notoriously difficult language to master as an English speaker.

Sovereign Global Explorer

Benefiting from over a decade of our team’s boots-on-the-ground experience, Global Explorer is where your international journey begins.
China Overview
  • Region
    Asia
  • Capital City
    Beijing
  • Largest City
    Shanghai
  • Currency
    Renminbi
  • Languages
    Mandarin Chinese
  • Population
    1.4 billion (1st)
  • Life Expectancy
    77.7 years (83rd)
  • GDP (Nominal)
    $18.3 trillion (2nd)
  • GDP/Capita
    $12,970 (78th)
Useful Data
For more details visit Cost of Living
  • Cost of Living
    Very cheap (2/7)
  • Climate
    Comfortable (2/5)
  • Safety
    Very Safe (2/7)
  • Pollution
    Polluted (4/5)
  • English Proficiency
    Moderate (3/5)

Sovereign Global Explorer

Benefiting from over a decade of our team’s boots-on-the-ground experience, Global Explorer is where your international journey begins.

Articles featuring China

Trends & News

How to profit from China’s horrible air pollution

October 24, 2013 Hong Kong [Editor’s note: Tim Staermose, Sovereign Man’s Chief Investment Strategist, is filling in for Simon today.]  China’s major cities have a huge air-pollution problem.  And in other breaking news, the Pope is Catholic. It’s obvious that all the heavy industry, coal-fired power plants, and choking traffic congestion, etc. have all taken […]

Trends & News

The dollar decline continues: China begins direct convertibility to Asia's #1 financial center

October 27, 2014 Region VII, Chile This morning some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been mentioned. (CNBC.com, for example, has yet to report on this story as of 11:45am Eastern…) So what’s the news? […]

Investing

How a trip to Shenzhen, China tripled our money

Last year, I attended the Benjamin Graham Conference in New York City – this annual event brings together the best value investors in the world. A speech by billionaire hedge fund manager Leon Cooperman stood out to me. He discussed why the hedge fund industry was on the ropes. “[O]ur industry is in turmoil. It’s […]

Trends & News

Wish you’d jumped on the China boom 20 years ago? Here’s your second chance in Vietnam.

Hanoi, Vietnam July 17, 2015 As Europe burns, Puerto Rico sinks, and China violently gyrates, it’s nice to know there are still some exciting bright spots of growth in the world. Vietnam is certainly one of them. The first thing you should know about Vietnam is that it’s a really wonderful place to spend time. […]

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