
More recent developments

China reportedly on verge of resuming Australian rapeseed imports
China is reportedly on the verge of approving trial cargoes of Australian rapeseed – marking a potential end to a five-year import freeze. On Wednesday, Reuters scooped that negotiations to resume trade with Australia in the oilseed – also known… Read More »

China expands luxury car consumption tax in revenue push
The taxman is coming for China's high-end car buyers. ICYDK: Since 2016, internal combustion engine vehicles (ICEs) and hybrid electric vehicle priced above RMB 1.3 million have been subject to a 10% consumption tax at the retail level. That’s on… Read More »

State Council discusses ways to boost consumption
On Wednesday, Premier Li Qiang chaired a State Council executive meeting focused on boosting "domestic circulation." Some context: Domestic circulation is one of two key components of Xi Jinping’s 2020 Dual Circulation Strategy (DCS) – a framework that positions domestic… Read More »