A vendor talks with customers at the Panjiayuan antique market in Beijing. Photo: EPA
Beijing’s small businesses face uncertain short-term future due to tighter tax rules despite vow to reduce burdens
- Around 540,000 small businesses could be affected despite central government saying they will look to help to bolster the slowing economy amid the trade war
- State Administration of Taxation has already tightened collection methods for the film and television industry after the tax evasion scandal of actress Fan Bingbing
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China economy
A vendor talks with customers at the Panjiayuan antique market in Beijing. Photo: EPA