Cutting 1 Trillion Yuan in Taxes
The year 2012 is the most important test for China in two decades. The growth downturn is not just a correction or even a cyclical downturn. It is the end to a two-decade-long, invest-and-export growth model. Shifting to a new growth model requires painful reforms. If China refuses to change, it could experience a lost decade.
China's economic slowdown is a good thing in the short term. It decreases waste, and with a shortage of blue collar labor, it carries low political risk.
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- Fighting for Breath
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- Forsaking the Fluff, China Joins the Cloud
- Media Watch: Xinhua, People's Daily in Rare Tussle, over Rate Cuts
- Watchdog Repeats Order to Remove Net TV Apps from E-Stores
- Peng Visits Delhi
- iPhone 6 Launch
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- Coming to Grips with Ammonia in China's Haze
- After Years of Dominance, UnionPay's Enemies Arrive at the Gates
- New-Energy Car Market Is Open Road, BYD CEO Wang Chuanfu Says
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- PBOC Punishes Payment Companies for Mishandling Bank Card Transactions
- The Long Journey to the Rule of Law
- Nudging China toward Overall Governance Reform
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- Thieves' Large Haul Puts Two City Officials in Crosshairs of Graft Inspectors
- Cabinet Said to Mull Reforms to Country's Nearly 1,800 State-Owned Farms