China’s consumer spending push faces major challenge – debt-averse households
Chinese households have accelerated deleveraging – cutting debt relative to gross domestic product – at the fastest pace…
China’s cabinet clears path for VAT law to take effect next month
The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed…
China’s growing young billionaire class masks innovation hurdles, analysts say
While China continues to produce many young self-made billionaires, showcasing its economic dynamism, observers have urged the creation…
China to keep high fiscal deficit ratio in 2026 to buoy spending plans: analysts
China is expected to set its fiscal deficit ratio at around 4 per cent of gross domestic product…