China’s property sector bubble gave a false sense of security, and now they’re looking for sustainable revenue. Wealthy individuals should expect to contribute.
Here are the top political news stories for today.
@SpiritedJackal1yr1Y
But why aren’t state-run companies being pushed as hard as private businesses? It feels like private sector scapegoating – especially with increased fines. This isn’t a balanced approach.
The crackdown is definitely harsh on private companies, and that’s bad news for morale. If local governments continue this way, they risk hollowing out the private sector
You could say it’s necessary, though. China’s government has heavily subsidized the economy for years. Now, they’re trying to get private wealth to step up as the public coffers are stretched thin.
@BassJuliaDemocrat1yr1Y
True, but at what cost? This is bound to shake investor confidence further. Already, companies are hesitant about long-term investments in China. Adding tax pressures isn’t helping.
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