Beijing rewards localities for faster tax revenue growth
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Beijing wants to incentivize local governments to increase their tax revenue – but it's going about it the wrong way.
On Wednesday, the Ministry of Finance (MoF) revealed an RMB 10 billion increase to its "Incentive Fund for Promoting High-Quality Development," bringing the total size of the fund to...