China targets wealthy influencers with audits, fines as fiscal pressures rise
China has ramped up audits involving online influencers and high-wage earners, as part of broader efforts to expand…
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…
UK Borrowing Overshoots by £7.2 Billion Before Key Budget
Britain’s government borrowed £7.2 billion ($9.6 billion) more than forecast in the first six months of the fiscal…
Chinese Fiscal Spending Slowdown Persists in Risk for Growth
China’s government spending increased at a slower rate for the second straight month, underscoring how weaker fiscal support…