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VAT hasn’t been changed for 10years and the VAT is 17%, this means that any goods or services that are sold in China include 17% of the original cost.

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Gross Domestic Product is the measure of the sales of goods and services within an economy.

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The corporate tax for china has stayed the same for numerous years. It has not fluctuated it has stayed consistant through the times.

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Government - Communist Party of China (democratic) – in power since 1949

China has seen growth on a scale unparalleled in modern history. Where hundreds of millions were once destitute, extreme poverty has been all but cast into the annals of history; now, the world is competing to attract the wealth of China’s growing middle and upper classes.

Analyses of the country’s explosive growth are aplenty. Real gross domestic product (GDP) has grown 64-fold, literacy is above 95 per cent, and in a once Communist country, the private sector, at least on paper, now accounts for 60 per cent of economic activity.