China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package of tax breaks over four years for electric vehicles (EVs) and other green cars, its biggest yet for the industry as it seeks to…
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China Begins Nationwide Push to Reveal Hidden Government Debt
China has begun a fresh round of nationwide inspections to work out how much money local governments’ owe, according to people familiar with the matter, a sign that authorities are preparing to take …
UN climate talks: ‘lack of trust’, funding stymie progress between China-backed nations and West
Negotiations in Bonn were dominated by arguments over who should be responsible for financing a ‘just transition’ to a clean energy-powered economy.
2nd LD-Writethru-Economic Watch: China extends preferential purchase tax policy for NEVs
China will extend its preferential purchase tax policy for new energy vehicles (NEVs) to the end of 2027 as part of the efforts to continue to support the industry, Chinese authorities have said.
China Rolls out $72 Billion in Tax Breaks for New-Energy Vehicles Over Next Four Years
By Bingyan Wang China on Wednesday unveiled a $72 billion package of tax breaks aimed at boosting the purchase of electric vehicles over the next four …
China Extends EV Tax Breaks For 4 More Years: What This Means For Tesla, BYD, Nio And Others
China imposes a standard purchase tax rate of 10% on vehicles. According to a report, Xu Hongcai, Vice Minister of Finance, stated at a press conference that the vehicle purchase tax exemptions will …
China’s economy may be in a “liquidity trap”
The world’s second-largest economy may be in treacherous macroeconomic terrain known as a “liquidity trap.” Why it matters: China’s massive economy has been the main source of global economic growth …
Journalist who promoted false Iraqi WMDs narrative now endorses claims that Chinese researchers were first COVID-19 patients
On Tuesday, the notorious war propagandist Michael R. Gordon, who helped launch the Iraq war by claiming Saddam Hussein was using aluminum tubes to build nuclear weapons, claimed, citing anonymous government sources,
Hong Kong police arrest two men accused of planning to vandalise Shenzhen-based electric vehicle maker BYD’s showroom
Four facilities belonging to mainland Chinese vehicle maker were vandalised last week Monday Attempted attack was provoked by personal financial dispute and company was not involved, according to …
‘India is now a linchpin’: US looks to Narenda Modi’s visit to counter China
The Biden administration will try to strengthen US-India ties while the Indian leader looks to shore up votes for next year’s election
China is state most dangerous to its own citizens’ civil rights, report finds
China scores better on food, health and housing, while crackdowns have worsened Hong Kong’s ratings
Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’
Bitcoin has added 36% to its value since the Chinese government warned citizens that the cryptocurrency was “heading to zero” last year.
America Innovates, but China Reaps the Benefits | Opinion
But for decades, the U.S. has allowed countries like China to capture the value of its domestic innovations. While the U.S. invests talent and capital to create new breakthroughs, we have offshored the manufacturing of…