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The local government in Wuhan has called on 259 companies that owe millions of yuan since 2018 to pay up. Experts say the revenue of local government in Wuhan, like many other places in China, has taken a big hit due to COVID-19 and a faltering economy – made worse by a crash in real estate ....
Amid the steady economic recovery, China's renewal and implementation of a range of supportive tax and fee policies will further ease the burden on enterprises and benefit market entities to improve the business environment and boost growth confidence, making the country increasingly attractive to foreign investors, experts and business executives said. ....
Hiking taxes wouldn’t seem difficult in the one-party state. But the Communist Party is sensitive to public opinion, and taxes are as politically fraught in China as anywhere else. ....
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