“Willingly or not, China is transitioning away from growth led by property and local government, which is a painful process.” …
Tagged By banking
China’s next target: Your financial data
As spy balloons soar over Midwest neighborhoods and intrusive apps such as TikTok send terabytes of personal data to servers in mainland China, Beijing is making known its hunger for America’s most …
China unveils $72 bln tax break for EVs, other green cars to spur demand
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…
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 …
Breaking News | Finance Minister Ishaq Dar Important Meeting | GNN
Islamabad: President Dr. Arif Alvi Wednesday approved the appointment Justice Qazi Faez Isa as the Chief Justice of Pakistan (CJP) of Supreme Court, GNN reported. According to details, the appointment …
Hong Kong stocks hit by worst sell-off in 4 weeks with Beijing ‘behind growth curve’ while Nio jumps on fund purchase
Hong Kong stocks slumped towards the worst sell-off in almost four weeks as confidence among investors waned given China’s limited stimulus to shore up its faltering economic recovery. Nio advanced …
Analysis-China to Tread Warily on Easing as Concerns Over Impact on Banks Mount
China’s central bank is likely to cut lending rates further in a bid to revive the economy but reluctance among private firms and households to borrow means continued policy easing could end up …
China announces extension of purchase tax break on NEVs until 2027
China on Wednesday announced an extension of a purchase tax break on new energy vehicles (NEVs), a new pillar of the economy whose muted recovery has seen market watchers calling for more stimulus.
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, Chinese authorities have said. Purchase tax will be exempted for NEVs bought in 2024 and 2025, …