Nearly three dozen people were killed in a car attack on a crowd in the southern Chinese city of Zhuhai on Monday, police said, releasing the death toll a full day after the incident. In an attack authorities described as a “major malicious case”, Zhuhai police said on Tuesday night that 35 people were killed … Read more
Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for … Read more
On China’s social media platforms last week, a recording surfaced that revealed a side of the country’s debt crisis that has largely gone unreported. The recording is presented as a conversation between an unnamed representative of a medical technology company and a market regulation enforcement officer, surnamed Zhang, from Chengwu county in eastern China’s Shandong … Read more
The document, published by state news agency Xinhua on Sunday, lists a wide range of reform objectives to be completed by 2029, including more than 300 policy measures. It said the government would move to raise the retirement age in an “orderly” and “gradual” way and seek to develop the “silver economy” to create diverse … Read more
The leadership agreed to grant local governments more “autonomous fiscal capacity”, allowing them to increase their tax sources and “appropriately” expand their management authority relating to taxation, the document revealed. The policy measures from the four-day, closed-door plenary session – aimed at laying out China’s economic road map for the medium term – come as … Read more
Some local governments in China have been fabricating the number of businesses in their regions – a key indicator of economic recovery – and in one case set hard targets for towns to register fake businesses, the country’s top anti-corruption watchdog said on Monday. In an official notice, the Central Commission for Discipline Inspection (CCDI) … Read more
