According to Statista, the value of imports to China has considerably increased over the last 10 years. In May 2017, it reached USD 150 billion confirming China as the third world’s biggest importer. Considering data, maybe the time to steadily export to China has finally come.
The five-year tax rule is an important and misunderstood factor in determining a tax strategy for expatriates living in China. Foreign nationals who reside in China for more than five years can be considered Chinese tax residents and therefore liable with tax authorities on their global income.