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…
Policy body urges China to confront economic challenges, confident of demand recovery
China’s top economic policy coordinator has urged the country to confront unavoidable challenges, while expressing confidence that investment…
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…