China will gradually implement consumption tax reform through different items and standardise management of local governments’ non-tax revenues, Vice Finance Minister Wang Dongwei said at a press conference in Beijing on Wednesday.
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China to gradually implement consumption tax reform, minister says
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Under the continuous efforts of companies like Huawei, Xiaomi, Vivo, Honor, and Oppo, China’s mobile phone market is finally experiencing a long-awaited revival.
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China Focus: 4,300-year-old Taosi site sheds light on prehistorical culture, technology
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Rural vitalization set to be further advanced in China
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China’s cash-strapped small banks face limitatons amid shake-up, no one-size-fits-all fix
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China will implement consumption tax reform step-by-step, vice Finance Minister says
China will implement consumption tax reform step-by-step and standardise management of local governments’ non-tax revenues, Vice Finance Minister Wang Dongwei said at a press conference in Beijing on …
China Sees Massive Local Government Bond Issuance in First Half of 2024
China’s finance ministry reported that net local government special bonds issuance was 1.49 trillion yuan ($205.81 billion) in the first half of 2024. Additionally, June saw a net local government …
China’s July factory activity shrinks, services grow more slowly
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Starbucks quarterly revenue falls on weak traffic in US and China
Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. But the Seattle coffee giant expressed optimism Tuesday that successful n
China’s southern megacities dealt contrasting economic fortunes as hi-tech Shenzhen thrives
Divergence in economic performance was cited as one of the major challenges facing China’s economy by the top-level Politburo.
