China is determined to build upon its previous success in tax reform by carrying out further tax cuts, which are set to come into effect starting on May 1, in order to “activate the market and boost people’s creativity.” These measures aim to boost economic growth and provide a response to increasing trade tensions with the United States.

China posted stable growth in its fiscal revenue in the first quarter of 2018.

The test is whether the Chinese system adapts to long-term challenges and contributes to national and global wellbeing, not whether it adheres to Western standards.

Policy continuity is one of the main features of this year’s Government Work Report.

China’s aim in the new economy is to better the well-being of people in China and around the world.

Too often, analysis of China underestimates how aware China’s leaders are of the challenges they face and fails to place announcements in the right context. Li’s NPC work report is another sign that the leadership is indeed well-aware and is giving itself the space to tackle these challenges and to steadily make progress on the substance of reform.

China has overcome the predictions of economic doomsayers.

China watchers were looking for signals of economic reform at the recent Central Committee meeting. The meeting introduced relevant amendments to China’s Constitution, the first since 2004. Alicia Garcia Herrero analyzes the possible impact of these amendments on China’s economic reform process.

China is fully confident of its ability to fend off systemic debt risks, while it continues to strengthen control over local government debt, Finance Minister Xiao Jie said on Wednesday.

Today the PRC’s middle class is thought to number about 430 million, larger than America’s entire population. As this number grows so will China’s buying power, offering one possible antidote to the Trump administration’s trade complaints.