Illustration: SCMP

How US trade war could leave Chinese private firms at risk of being ‘taxed to death’

  • A rising tax burden is placing additional stress on private sector firms at a time when economic growth is slowing
  • Despite the key economic role played by the private sector, Beijing has limited room for manoeuvre when it comes to cutting taxes
Topic |   China economy

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Illustration: SCMP
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.