Beijing plans to raise the tax threshold for e-commerce imports to allow consumers to spending more money on overseas goods online without paying tax. The move appears designed to boost consumption and kick-start a slowing economy, Caixin reports. The tax quota will be increased by 30%, from RMB 20,000 to RMB 26,000 ($3,750), according to an announcement […]
Category: Brief
China’s economic growth is forecast to slow from an estimated 6.6% this year to 6.3% in 2019 as trade issues and a slowdown in demand take a larger toll on the economy, according to economists from Renmin University in Beijing. The survey, published by the China Academy of Social Sciences over the weekend, correspond with […]
The head of German robotics firm Kuka may be forced out of the company within two years of the firm’s acquisition by Chinese appliance maker Midea, the Financial Times. The move to remove Till Reuter, who has been CEO of Kuka since 2009, comes at an awkward political moment, as European governments discuss plans to tighten […]
The music arm of China’s social media and gaming giant Tencent is expected to go public on December 12, people familiar with the matter told the Financial Times, defying markets’ recent bearishness on Chinese tech firms. According to one source, the roadshow for the IPO will begin after the G20 summit next week in Buenos […]
US policymakers are reaching out to overseas markets where the Chinese telecommunications firm is looking to establish a sizeable presence to dissuade them from using its commercial infrastructure, sources told the Wall Street Journal. The American government has contacted counterparts in a number of allied nations, including Germany, Italy and Japan, explaining what it perceives […]