China's Ministry of Finance
China Penalizes 5 Renewable Energy Auto Makers for Subsidy Fraud
| Ellie Froilan | | Sep 10, 2016 07:35 AM EDT |
China's Ministry of Finance has penalized five renewable energy vehicle producers for illegally obtaining government subsidies, amounting to about 1 billion yuan ($150 million).
China's Looming VAT Reform May Affect Metals Importers
| Eana Maniebo | | Jun 29, 2015 05:33 AM EDT |
China's economy may be slowing down, but the country is not ready to give in just yet. Next month, the Chinese government is planning to implement its revamped value-added tax (VAT) that would replace business taxes and expand three crucial sectors: real estate, finance, and consumer services.
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