China’s tax authorities have stepped up efforts to encourage residents to report overseas income, with continued guidance and reminders for taxpayers to review their foreign earnings from 2022 to 2024. According to the State Taxation Administration, tax officials have intensified efforts to remind residents to conduct self-assessments of their overseas income. The move aims to…
BEIJING – China will formulate and release an implementation plan this year for its strategy to expand domestic demand for the 2026-2030 period, Wang Changlin, deputy head of the National Development and Reform Commission, told a press conference on Tuesday. Tanks to chinadaily.com.cn Please visit: Our Sponsor
A drone photo shows a view of Qingdao Port in Qingdao, East China’s Shandong province, Oct 29, 2025. [Photo/Xinhua] BEIJING – China announced on Monday that its economy posted a 5 percent increase in 2025 amid domestic and external challenges, showing a trajectory of resilient and stable growth and remaining a powerhouse of the world…
BEIJING — China will continue to implement a more proactive fiscal policy in 2026, summarized as expanding total volume, optimizing structure, enhancing efficiency, and strengthening momentum, Vice-Minister of Finance Liao Min said Tuesday. Speaking at a press conference held by the State Council Information Office, Liao emphasized that China’s fiscal deficit, total debt, and overall…
BEIJING – The Chinese government on Tuesday announced a special guarantee program with a total scale of 500 billion yuan ($71.42 billion) to support investment by micro, small and medium-sized private enterprises. The program, implemented through the National Financing Guarantee Fund over a two-year period, will cover not only medium- and long-term loans, but financing…
BEIJING — China is researching the establishment of a national-level mergers and acquisitions (M&A) fund as part of efforts to optimize the layout of government investment funds and strengthen the guidance over their investment direction in a bid to accelerate the development of “new quality productive forces”, a senior official from the National Development and…
China’s financial regulator is urging stronger action to address risks in small and medium-sized financial institutions, as they face pressure amid transformation and business model innovation, experts said. Going forward, smaller banks will shift focus from scale expansion to improving the quality of credit growth, they added. At the 2026 regulatory work conference on Thursday,…
China’s consumption-boosting measures are showing encouraging results this year, particularly in consumer electronics and services, a leading Chinese economist said, as policymakers pay vital attention to domestic demand amid property sector adjustment and rising external uncertainty. Su Jian, a professor at the School of Economics at Peking University made the remarks on Thursday at a…
China’s economy is poised to extend its steady growth momentum into 2026, with stepped-up policy support for domestic demand and a faster innovation-led transition to cushion any external uncertainties, officials and analysts said. Monetary policy, they said, is positioned to provide continuous, targeted support for China’s economic transition as recent moves on structural tool rates…
Canada’s Prime Minister Mark Carney appears on a screen as he speaks, before a dinner hosted by the Canada-China Business Council, during the first visit by a Canadian prime minister to China since 2017, in Beijing, China, January 16, 2026. [REUTERS/Carlos Osorio] BEIJING — China and Canada have reached specific arrangements to properly address…