Monday , January 20 2025

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China expels nine army officials from parliament: media

China expels nine army officials from parliament: media

China has expelled nine military officials from its parliament, including four generals of the army’s strategic missile unit, in a sweeping reshuffle following the appointment of a new defense minister. The decision, announced late on Friday by the state news agency Xinhua, came after a meeting of the Central Committee …

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Government extends 2-point VAT cut until mid-2024

Government extends 2-point VAT cut until mid-2024

The cut in value-added tax from 10% to 8% will remain in force through the first half of next year for most industries, according to a new government decree. Telecommunications, finance-banking, securities, insurance, real estate, metal and metal products, and mining (excluding coal) will not enjoy the tax cut. Business …

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