China extends unemployment insurance refunds and job subsidies through 2026
China has renewed its package of unemployment insurance incentives for another year, running from 1 January 2026 to 31 December 2026. The State Council-approved notice, issued on 18 June 2026 to provincial governments and the Xinjiang Production and
See MoreChina ends tax breaks for new energy, energy-saving vehicles from 2027
China is eliminating vehicle tax exemptions for pure electric, plug-in hybrid, and fuel cell commercial vehicles starting 1 January 2027. This decision has been made through Announcement No. 19 of 2026 on the Vehicle and Vessel Tax reduction and
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EU reportedly considers tariffs on Chinese hybrid vehicles amid trade tensions
The European Commission is preparing additional trade duties targeting Chinese-made plug-in hybrid vehicles, according to a report by the German business publication Handelsblatt on 19 June 2026. The announcement comes as EU leaders intensify
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China: Instant tax refunds boost tourist spending
China's instant tax refunding service for overseas visitors, launched in April 2025, has significantly boosted inbound consumption with the rapid growth of business volume. Over the past year, the number of travelers applying for instant tax
See MoreUS, China explore managed trade framework to ease tariff tensions
The US and China are moving toward a new approach in their trade relationship, with both nations expected to identify approximately USD 30 billion worth of goods for potential tariff reductions. A new pragmatic strategy US Trade Representative
See MoreEU faces Chinese WTO challenge over EV tariffs, USTR announces similar measures
According to a post by the United States Trade Representative (USTR), China initiated formal proceedings at the World Trade Organisation (WTO) on 4 November 2024, challenging the European Union's imposition of definitive countervailing duties on
See MoreChina expands economic security powers with new supply chain regulations
China has introduced sweeping regulations to bolster its economic defences and counter what it views as foreign overreach, marking a significant escalation in tools available for US-China competition. New supply chain controls target foreign
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Trump Administration’s trade strategy marks shift in US approach to China
President Donald Trump's upcoming summit with Chinese President Xi Jinping in Beijing on 14-15 May 2026 is expected to introduce a fundamental change in how the US manages its economic relationship with China. The proposed Board of Trade
See MoreChina sets 0% tariffs on imports from Canada, 20 African countries
China introduced 0% tariffs on imports from 20 African countries for two years, from 1 May 2026 to 30 April 2028, under Customs Tariff Commission Announcement No. 5 of 2026. The countries include Algeria, Botswana, Cape Verde, Cameroon, Republic
See MoreChina issues global minimum tax guidance for Chinese MNEs in Denmark, Ireland, UAE
China's State Taxation Administration (STA) has published comprehensive guidance to help Chinese companies navigate global minimum tax (GMT) rules in Denmark, Ireland, and the United Arab Emirates (UAE) despite not adopting these rules
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Russia, China sign tax cooperation memorandumÂ
Russia's Federal Tax Service announced on 21 April 2026 that Russia and China have formalised their collaboration through a Memorandum of Understanding signed by Daniil Egorov, Head of Russia's Federal Tax Service, and Hu Jinglin, Head of China's
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Norway: Parliament approves new income tax treaty with China
The Norwegian parliament (Storting) approved a new income tax treaty with China on 21 April 2026. The agreement aims to prevent double taxation on income and curb tax evasion between Norway and China. Signed on 12 May 2023, it will replace the
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China, Vietnam sign customs cooperation agreement
China and Vietnam signed an Agreement on Cooperation and Mutual Administrative Assistance in Customs Matters on 15 April 2026, alongside several other bilateral cooperation agreements. According to Xinhua News Agency, the agreements were
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Japan, France strengthen rare earth supply ties to cut dependence on China
Japan and France have agreed to boost cooperation on rare earth supply chains to reduce reliance on China. The announcement came during French President Emmanuel Macron’s visit to Japan for talks with Prime Minister Sanae Takaichi. Under the
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IMF Country Focus: How China’s Economy Can Achieve Consumption-led Growth
On 18 February 2026 an IMF country focus with the title How China’s Economy Can Pivot to Consumption-led Growth, written by D. Garcia-Macia, S. Jain-Chandra, S. Kothari and Y. Xu, looked at way in which China could stimulate domestic
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US, China and other governments urge Ghana to reconsider gold royalty increase
China, the US, and several Western governments are urging Ghana to halt plans to raise gold royalties, sources say. Ghana aims to replace its fixed 5% royalty with a 5–12% sliding scale linked to gold prices, seeking higher revenue from rising
See MoreIMF Recommends Tax and Social Security Reforms in China
On 18 February 2026 an IMF Country Focus was published, generally based on the report issued by the IMF following consultations with China under Article IV of the IMF’s articles of agreement. China’s economy has remained resilient through
See MoreEU imposes tariffs on Chinese-made electric vehicles
The European Commission has implemented additional import duties on electric vehicles manufactured in China, with rates varying significantly by manufacturer. These charges come on top of the EU's standard 10% import duty on cars. Chinese EV
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