{"content":"🇨🇳 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. #ChinaEconomy #TaxUpdate #CryptoMarket #Binance #MacroNews #AsiaFinance","images":[],"tags":[],"tradingPairs":[],"quotearticleid":0}