China’s economy is often judged by whether official growth meets a particular target. That debate is too narrow. The more important risk is confidence: whether households believe it is safe to spend, whether private firms believe it is worth investing, and whether foreign companies believe policy will remain predictable enough to justify long-term commitments. China…
China confirmed a GDP growth target of 4.5% to 5% for 2026 as leaders prepared for the annual National People’s Congress session in March, where the 15th Five-Year Plan covering 2026 to 2030 will be formally adopted. The target, slightly below the 2025 goal of “around 5%,” reflects acknowledgment that the economy faces persistent headwinds…
The VAT Law was adopted by the Standing Committee of the National People’s Congress in December 2024 after extended public consultation. While the government has emphasized that the new framework is designed to maintain the existing tax burden rather than increase it, the implementation regulations introduce several adjustments that multinational finance teams are reviewing carefully….
