China Guide: Money
Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.-
Currency and cost of living What you need to live in China
The Chinese currency is called Renminbi (RMB), which consists of yuan, jiao and fen. 10 jiao make up 1 yuan, and 10 fens make up 1 jiao. more » -
Banking Banks, bank accounts and payments
For many years, China had been a cash-based economy. Even today, many people don’t have bank accounts, chequebooks or credit cards, and even transactions such as salary payments are often still handled in cash. more » -
Taxes Income tax for expatriates in China
China’s income taxes are among the highest in Asia, with rates ranging from 5% to 45% depending on how much you earn. Tax collection is pretty efficient in China, and evading taxes can lead to heavy fines and even life imprisonment. more »