CHINA TOPIX

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.