08 Dec 2025
More recent developments
December 9, 2025
Policy advisor calls for expanding local tax sources
The former head of the state tax bureau’s (STA) in-house think tank is calling for authorities to speed up efforts to overhaul China's local tax system. Quick background: Local governments retain 100% of revenue from eight tax categories – including… Read More »
December 8, 2025
Washington reframes competition with China in latest national security strategy
Washington’s latest National Security Strategy (NSS), published December 5, tones down the China rhetoric, but still pushes hard in several key areas. Where Washington eases off: The NSS reframes competition with China as an economic and technological contest rather than… Read More »
December 8, 2025
Shanghai censors online misinformation, bearish remarks about property market
Authorities are trying to rein in pessimism about the property market. Some context: In mid-November, Shanghai launched a “special campaign” to crack down on real estate misinformation and “doom-mongering” online. In less than three weeks, social media platforms – including… Read More »