Profit-driven law enforcement by local governments is deterring new businesses in vulnerable sectors
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Local Chinese governments are increasingly relying on fines and asset confiscations to offset mounting fiscal pressures, a trend that is stifling new businesses, according to a newly published academic study.
Regulator tightens rules on shell companies, stock sale taxes and e-commerce platforms to curb regional competition for…
Some regions artificially reduced balances by simply deleting records from the debt management system, the country’s top auditor…
Debt resolution, weak land revenues and falling infrastructure funds show that local governments are no longer driving expansion…
Dozens of listed companies have disclosed more than $675 million in back taxes, late fees and fines so far this year
The one-year drive will target traditional syndicates and online extortion rings, as legal experts warn against the profit-driven…
A look beyond headline growth figures reveals how provinces are relying on the monetization of state assets to fill in the gaps…
