I am an Australian Citizen, and would like to live in China:

Good Morning,
My name is John Miller and I am a Australian citizen over the age of seventy years and retired:
I am in receipt of two pensions, with a total income of Seven Hundred Dollars every two weeks; [$700AUD]
I have a Chinese Friend who would like me to live at her home:
I most respectfully request if you would advise me if I would qualify for a Two Year Resident Permit? Thank You,
I Remain your sincerely,
John 19/02/2013