21 Oct 2021
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Xi Jinping is facing pushback on his proposal for a national property tax, the Wall Street Journal reported.
Talk about a long-mooted plan. Chinese officials have considered a property tax since 2003. In spring, the ministries of finance, housing and taxation invited feedback on Xi’s proposal to...
April 30, 2024
It’s finally happening. On Tuesday, just before the country takes off for the May Day holiday, the Politburo announced that the Central Committee’s Third Plenum will take place in July. This is a big deal: The Plenum is expected to… Read More »
April 30, 2024
Talk about chummy. On Monday, Hong Kong-based Phoenix News released more footage of Premier Li Qiang’s meeting with Tesla CEO Elon Musk on Sunday. Some context: The pair's connection goes back to 2019 when Tesla invested RMB 50 billion to… Read More »
April 30, 2024
Starting in December, China can legally apply counter-tariffs against its trade partners. That's because on Friday the national legislature (NPCSC) passed the Tariff Law, effective December 1. Some context: The legislature holds sole legal authority over taxation. But in practice,… Read More »