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 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…
China’s Politburo pledges action to tackle trade ‘struggles’ in 2026
China has pledged to better coordinate its domestic economic work to account for international trade turbulence next year,…
China’s central bank vows ‘strong breakwaters’ to shield from external shocks
Central bank governor Pan Gongsheng has stressed the importance of China maintaining a sound monetary system that remains…
Shanghai bets on manufacturing to buttress finance in two-pronged growth plan
Shanghai, mainland China’s top finance and trade hub, is set to double down on efforts to prevent the…
China’s vow to shield manufacturing aims to ward off industrial decline
Beijing has pledged to prevent industrial hollowing-out by safeguarding the share of manufacturing in its economy, noting that…
‘Unforgivable’: Chinese county still living in shadow of wild spending binge
Few areas of China reflect the country’s decades-long economic transformation more vividly than its cities. Rapid development has…
New phrase, new phase? China’s central bank adjusts language on yuan internationalisation
China’s central bank has adopted a more proactive tone when describing its efforts to promote the global use…
China’s top cities, inland provinces lead GDP growth as domestic demand strengthens
As China stays on track to achieve its annual growth target, top-tier cities Shanghai and Beijing – along…
China’s economy can grow by up to 5% until 2030: ex-finance vice-minister Zhu
China can sustain annual growth of 4.5 to 5 per cent over its next five-year plan period, former…
Why China’s next 5-year plan will double down on food security
As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that…
China’s Xi calls for building unified market to ‘secure an edge’ in global race
President Xi Jinping has called for more efforts to develop a unified domestic market, arguing that it will…