01 Jul 2025
More recent developments
July 28, 2026
Tax revenue grows at fastest pace since Q3 2023
Tax revenue registered strong growth in Q2, up 8.6% y/y, the fastest rate of expansion since Q3 2023. Among China’s four largest tax sources, three posted solid gains. Individual income tax revenue grew 16.4% y/y, maintaining the double-digit growth for… Read More »
July 28, 2026
China will not retaliate against US forced labor tariffs
China’s cool with the US’s new “forced labor” tariffs. On July 27, a commerce ministry (MofCom) spokesperson revealed for the first time that the US had committed to not raise tariffs on Chinese goods by more than 20%. The 12.5%… Read More »
July 27, 2026
Tightened regulatory scrutiny slows SPB issuance
Regulators have tightened scrutiny of projects being funded by special purpose bonds (SPBs), resulting in a slowdown of new issuance (Yicai). ICYDK: SPBs are a key vehicle for local government infrastructure investment. In both 2026 and 2025, the annual quota… Read More »