To counter the economic shocks caused by thenovel coronavirus outbreak, China will rely on extensivefiscal measures and maintain a flexible stanceon monetary policy, according to signals in the GovernmentWork Report a...
Interest income from pledged repo financing and policy bank bonds investment will be exempt from VAT China took a key fiscal reform measure on May 1,2016,with the nation-wide launch of Valued Added Tax(VAT)pilot progr...
China’s 2016 budget deficit target of 3%of GDP confirms expansionary fiscal stance;we estimate 3.8% Tax cuts,instead of spending stimulus,are the major reason for the larger deficit The enlarged deficit will be finan...
1.8% China’s consumer price index(CPl),a main gauge of inflation,grew 1.8 percent year on year in January,up from a rise of 1.6 percent in December,2015.5.3%The producer price index(PPI),which measures wholesale infl...
China cuts interest rates to ease deflation Worries China’s central bank decided on Feb.28 to cut benchmark interest rates by 25basis points amid deflation worries.Since March 1,the one-year loan interest rate will b...
Tax and budget reforms are needed to reduce the financial burden of sub-national governments,in particular heavily leveraged municipal and county governments.Little has changed three years after policymakers and China...
We expect a better 2014,with world economicgrowth picking up andinflation staying benign.We expect global growth to increase to3.5%in 2014 from 2.7%in 2013,helpedby improvements in the US and Europe.A pick-up in growt...
First of all,I want to say that I have been living in China three years and a half and in September when it will be my fourth year,I will go back to my country,Spain.In this time,I have learnt some things about China ...
On February 27,the World Ba nk released a repor t in Beijing which recommended that China needed to redefine the government’s role,alter the structure of state enterprises and gradually allow market-set interest rate...