China’s government racked up a record budget deficit last year as spending on social welfare grew at the fastest since 2017, ...
Amid the political and economic changes of the early 2000s, it seemed unthinkable that China would revert back to Mao-era repression. But’s that’s exactly what happened. Many observers, especially in ...
In China’s heavily indebted cities, “fiscal winter” is manifesting through a peculiar ritual: businessmen crowding government offices in a year-end rush to claim overdue contract payments. In private ...
China is making it harder for some state-owned companies to borrow overseas, expanding a campaign to rein in local government debt risks, according to people familiar with the matter. The National ...
China has announced sanctions against Shigeru Iwasaki, a former head of Japan’s Self-Defence Forces, after he accepted a position as a political adviser to Taiwan’s executive branch. The Chinese ...
Barely a day goes by without calls from economists and policymakers around the world for China to increase its consumer spending. Consumer spending as a percentage of GDP is less than 50%, far below ...
China has announced a major shift in its new energy vehicle (NEV) purchase tax policy, signaling a new phase for the nation's electric vehicle (EV) market. Starting January 1, 2026, NEV buyers will ...