Advisor says China needs to grow tax revenue to fund welfare expansion
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
One of China's most influential advisors has called for Beijing to increase tax revenue to fuel its consumption pivot.
In a recent policy paper, Peking University Professor Huang Yiping and two other economists warned that China's fiscal capacity is falling just as demands on the state are rising.
...