China’s Xi urges state giants to be pillars of national development
President Xi Jinping has instructed central state-owned enterprises (SOEs) to serve as the bedrock of national development, urging…
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…
IMF raises China growth forecast to 5% for 2025, citing resilience
China’s economy is projected to grow by 5 per cent in 2025 before slowing to 4.5 per cent…
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 vows to ‘safeguard support’ for private investment, boost confidence
China’s State Council has vowed to remove hidden barriers holding back private investment and also address the concerns…
China doubles down on consumer subsidies to spur household spending
The Chinese government has pledged to tackle consumption bottlenecks with a series of support measures, including direct subsidies…