Fiscal squeeze puts tech tax breaks under scrutiny
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
With money tight, authorities are getting picky about which firms count as "high-tech." On July 22, Yicai reported that growth in China's high-tech enterprises slowed sharply in 2024.
"High-tech enterprise" (HNTE) numbers topped 500,000 that year, up 83% from 2020, but up only 1.9% from 2023. Since...