#China GDP

11/9（一）

• 南華早報·15:05

  China’s tax compliance drive falls short of covering fiscal…

  Even as China’s stricter enforcement lifts tax receipts, the revenue gains remain insufficient to cover government funding gaps and risk chilling private sector confidence, while local officials remain reluctant to launch major projects despite repeated calls from Beijing, analysts say. Hong Kong-based Goldman Sachs analysts, led by Wang Lisheng, estimated in a Monday report that tighter tax enforcement may have added roughly 500 billion yuan (US$74.91 billion) to mainland China’s government...

  #China's economic recovery#China#Goldman Sachs#China economy#China’s private sector#China’s crackdowns