Local governments within China are strained financially due to their significant loss of tax revenue. Key industries the regime once relied upon for taxes have struggled with financial hardships while real estate companies have experienced successive defaults. To Declining Business Revenues Prompt China to Levy More Money on Affluent Individuals
Local governments within China are strained financially due to their significant loss of tax revenue. Key industries the regime once relied upon for taxes have struggled with financial hardships while real estate companies have experienced successive defaults. To 
In a pivotal meeting at the APEC summit in San Francisco, Japanese Prime Minister Fumio Kishida confronted Chinese leader Xi Jinping with a series of pressing issues, marking a notable shift in the Japan-China relationship. Mr. Kishida’s stance advocated for
BEIJING—A court in China’s capital Beijing on Friday denied the appeal of Chinese-born Canadian pop star Kris Wu, who was sentenced to 13 years in prison for crimes including rape. The former member of K-pop group EXO returned to China in 2014, where he
TAIPEI—Terry Gou, the billionaire founder of tech giant Foxconn, on Friday withdrew from the race to be Taiwan’s next president, bringing a sense of relief to the major Apple supplier and iPhone manufacturer, sources said. Gou announced his bid in August,