11.06
·Reported
·Importance III
·Sources 1
·China
A report released by Bloomberg Economics on November 6 stated that if the Democratic Party slows down AI investment and data center construction after a major victory in the U.S. midterm elections, China's growth, which relies on AI hardware exports, will be hit. Net exports contributed nearly 40% of China's economic growth in the third quarter, and chips and computer products accounted for 40% of the year-on-year increase in exports in the first nine months.
11.06
·Reported
·Importance II
·Sources 1
·Tokyo, Japan
At the Bu Ming Bai Festival held in Tokyo, the Bu Ming Bai Podcast invited Professor Xu Chenggang to discuss the institutional logic behind China's economic growth and recession, as well as how ordinary people can cope, using his book 'The Institutional Genes' as a starting point.
11.01
·Reported
·Importance II
·Sources 1
·China
In late October, universities such as the University of Science and Technology Beijing and Hangzhou Normal University issued notices stating that, starting November 1, they will withhold VAT and surcharges on labor remuneration for seven types of services, including consulting, design, and education, sparking questioning from netizens.
10.31
·Reported
·Importance II
·Sources 1
·Shanghai
According to Shanghai News Workshop, the Minhang District Representative Office of the Shanghai Charity Foundation received a property worth 6.5 million yuan bequeathed by an elderly person for educational aid. The person in charge stated that selling the property would require an estimated 4.5 to 4.6 million yuan in taxes, so they have decided not to sell it for now and will instead use rental income to support charity. On October 31, the topic topped the Weibo trending list.
10.26
·Reported
·Importance III
·Sources 1
·China
On October 26, Bloomberg reported on a Morgan Stanley study saying that the Chinese stock market may not have bottomed out yet, and that offshore Chinese stocks could fall another 10%–15% before approaching historically low valuations, with weak economic consumption, pressure on e-commerce, and fears of tax-triggered selling of trusts intensifying the adjustment.
10.25
·Verified
·Importance II
·Sources 1
·Beijing
The Beijing Municipal Tax Service publicly disclosed on its official website that tax notices had been served on 21 natural persons, reflecting the continuing increase in pressure on local finances and tax recovery.
10.25
·Reported
·Importance III
·Sources 1
·China
Bloomberg reported on October 25 that China's stock market has shrunk by about $3.5 trillion from its high earlier this year in May, with the CSI 300 index falling into a bear market the previous week, as weak consumption and price wars squeeze corporate profits.
10.25
·Reported
·Importance II
·Sources 1
·Gansu
On October 25, a netizen in Gansu posted a video titled "Who Isn't a Good Taxpaying Citizen," listing one by one the various tax rates embedded in everyday consumption such as food, utilities, transportation, home purchases and car buying, sparking heated discussion in the comments over hidden tax burdens.
10.22
·Verified
·Importance IV
·Sources 1
·China
October 22 is the deadline set by the Chinese government for declaring historical back taxes on offshore trusts. On that day, Chinese stocks officially entered a technical bear market, with the wealthy selling assets to pay the taxes, triggering selling pressure.
10.22
·Reported
·Importance III
·Sources 1
·Shanghai, China
Many private entrepreneurs in Shanghai are facing pressure to pay massive back taxes, with some billionaires having to borrow hundreds of millions of yuan in cash just to barely meet their tax obligations.
10.21
·Reported
·Importance II
·Sources 1
·Beijing
Tsinghua University professor Nie Huihua previously proposed taxing robots and AI, on the grounds that companies hiring real people must pay wages and social security contributions, while switching to robots can save on labor costs; this view has recently drawn renewed attention.
10.20
·Reported
·Importance IV
·Sources 1
·China
Bloomberg named eight Chinese billionaires including Ding Lei, Huang Zheng and Lei Jun, whose overseas trust assets exceed $140 billion, facing a new round of tax recovery and harvesting by the Chinese Communist Party.
10.19
·Verified
·Importance IV
·Sources 1
·China
The State Taxation Administration released six implementation details, clarifying standards for lump-sum back taxes and the recovery period on historical trust income from offshore trusts, stepping up tax recovery from the wealthy’s overseas trusts.
10.19
·Reported
·Importance III
·Sources 1
·China
On October 19, China's State Taxation Administration once again reminded relevant taxpayers to complete filing and tax payments within the transition period before October 22, in order to avoid late-payment surcharges. Bloomberg reported the same day that the offshore holdings of 8 billionaires, including Ding Lei and Huang Zheng, totaling about $140.2 billion, could be affected.
10.13
·Reported
·Importance III
·Sources 1
·China
On October 13, the IMF released its latest World Economic Outlook, raising Taiwan's 2026 growth forecast from 5.2% in April to 10.7%, while lowering the mainland's forecast by 0.1 percentage points to 4.5%; Taiwan's growth is mainly driven by demand for AI and advanced chips.