🇨🇳 China Cuts Taxes — But Not for Everyone 🇨🇳

🗓️ As of June 4, 2025, President Xi has NOT announced a general tax cut for all citizens... but strategic tax relief is in full swing across key sectors! 📉💼

🔍 Here’s what’s happening:

🛍️ Consumption Tax Reform

✅ Subsidies for childcare, healthcare & pensions

✅ ¥300B for consumer goods transformation

✈️ Foreign Tourist Tax Perks

✅ Refund threshold lowered from ¥500 → ¥200

✅ Max refund now ¥20,000 to boost tourism

🏠 Housing Tax Relief

✅ Deed tax in cities like Beijing/Shanghai slashed from 3% → 1% to revive the housing market

📦 Trade Tax Exemptions

✅ Stamp duty exemption extended in Free Trade Zones until Dec 31, 2027

📊 Why it matters:

These targeted tax breaks aim to boost domestic consumption, attract investment, and stabilize key industries as China tackles challenges like trade tensions, youth unemployment, and a sluggish property market.

💡 No blanket tax cuts — but signs of a focused economic recovery plan.

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