Last year, the third plenary session of the 20th Central Committee of the Communist Party of China proposed to improve the ...

BENN STEIL is a Senior Fellow and Director of International Economics at the Council on Foreign Relations. He is the author of The World That Wasn’t: Henry Wallace and the Fate of the American Century ...

China has repeatedly pledged to make the consumer sector a more prominent driver of economic growth but is yet to implement any structural policy changes to achieve this. Analysts say potential costs ...

On Sunday, leading bodies of China’s state apparatus and the ruling Communist Party unveiled a “special action plan” to boost consumption, featuring income support measures and a childcare ...

Currently, China's highest marginal tax rate of 45 percent is relatively ... group alone will likely lead to diminishing returns in terms of income redistribution, and may even encourage ...