07 Mar 2025
More recent developments
June 15, 2026
Beijing strengthens tax oversight of retail fuel sales
Policymakers are strengthening tax enforcement at the gas pump. On June 11, the State Taxation Administration (STA) announced it was rolling out an e-invoice system for the sale of refined petroleum products to consumers. By November 1, all gas stations… Read More »
June 15, 2026
Beijing sets ambitious target for NEV heavy trucks
China's heavy-duty truck (HDT) industry is gearing up for electrification. On June 12, eleven regulators – led by the transport ministry (MoT) and macro planner (NDRC) – released an action plan to promote large-scale adoption of new energy vehicle (NEV)… Read More »
June 15, 2026
PBoC reportedly tells major banks to tighten liquidity
China’s central bank (PBoC) has reportedly instructed major state-owned banks to reduce their interbank lending. Citing unnamed sources, Bloomberg reports that the move is designed to prevent market rates from drifting too far below the official policy rate. ICYDK: Weak… Read More »