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China's fiscal framework has made significant strides over the last decade, through more comprehensive budget reporting and the development of more transparent municipal financing channels. Fiscal reforms are nevertheless far from complete, said Fennell.
China's economy has remained in firm shape this year, expanding 6.7 percent in the first three quarters. [Photo/VCG]
China's economy, as shown by multiple mid-year indicators, has ridden out its downturn due to COVID-19 strains and bounced back to growth in the second quarter (Q2). [Photo/Sipa]
China's commercial banks will continually increase lending to small businesses with sound tax payment records to ease shocks from the coronavirus pandemic, the country's tax authorities and bank regulators said on Wednesday.
China's largest provider of on-demand online services Meituan-Dianping officially announced Wednesday it is taking full control of the leading Chinese bike-sharing company Beijing Mobike Technology Co Ltd for an undisclosed amount, dealing a blow to its biggest rival Didi Chuxing.
