Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
Tag: China
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The Elusive Fix for China’s Budget Crisis
Property taxes would help local governments that are sinking further into debt. But after years of talk, officials have yet to introduce a real estate tax.
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China Does an Awkward Dance with Europe Over Russia-Ukraine War
A three-stop tour by China’s foreign minister this week has everyone trying to balance economic and security interests when it comes to Russia and Ukraine.
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LinkedIn Will Cut Over 700 Jobs Worldwide and Shut Its China App
Microsoft, LinkedIn’s owner, had already pulled the flagship networking site from China in 2021, leaving only a stripped-down app that catered to job seekers.