
More recent developments

China resumes VAT collection on bond interest
VAT is making a comeback. Per a Friday statement released by the finance ministry (MoF) and tax bureau (STA): Starting August 8, investors will have to pay value-added tax (VAT) on interest earned from treasury bonds, local government bonds, and… Read More »

Who is China’s most influential economic policy advisor?
Since 2023 we’ve kept track of China’s most influential economic advisors, monitoring what advice they impart to senior officials. Why you should care about advisors: They offer important insights into China’s often-opaque policymaking process. Their role is to propose feasible solutions… Read More »

MIIT releases machinery industry upgrading plan
On August 1, China's industrial ministry (MIIT) released a plan to digitally upgrade the machinery industry. The plan outlines how the state will promote research, adoption, and upgrading of smart technologies at large-scale equipment manufacturers over the next five years.… Read More »