The full implementation of taxation reforms pledged in China’s new five-year plan would substantially ease the fiscal strains on local governments, a leading tax policy expert said, while adding that it would not alter the central government’s dominant role in the country’s fiscal landscape. As a unitary state, China’s systematic advantage lay in strong central government financ...

Some Chinese lawmakers and advisers are pushing to secure higher pensions for elderly farmers, underscoring the persistent income disparity between the country’s urban and rural residents. The latest government work report, approved on Thursday, confirmed a 20-yuan (US$2.91) monthly increase to basic pension payments for a third consecutive year, bringing the national minimum to...

Chinese firms should prioritise regional political stability when they make overseas investment decisions, as mounting geopolitical tensions and currency fluctuations increase the risks of doing business abroad, a prominent Chinese entrepreneur has warned. “The current unrest in the Middle East, fluctuations of the US dollar and international complexities serve as a reminder for...

The United States’ decision to launch Section 301 investigations into alleged unfair trade practices by China and several other economies – which could allow Washington to reimpose higher tariffs – is a “bluff” designed to give US President Donald Trump some perceived leverage ahead of his expected trip to China, analysts said. But the threat is unlikely to work on Beijing, whic...

China’s central bank has called for heightened cybersecurity awareness and caution in the use of artificial intelligence in the financial sector, adding to a chorus of warnings over security risks amid the nationwide buzz surrounding the OpenClaw AI agent. At its annual technology conference in Beijing on Wednesday, the People’s Bank of China called for further efforts to “enhan...