Is China’s new local surtax a game-changer, or a bureaucratic tweak? - South China Morning Post
Ji Siqiin BeijingandEmma Main ShanghaiPublished: 6:00am, 16 Sep 2026Updated: 6:14am, 16 Sep 2026As even China’s wealthiest provinces continue to run deficits and rely on the central government to make ends meet, Beijing is loosening the reins on the country’s highly centralised f...






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