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New Pollution Tax Could Reap in More than 50 Billion Yuan

New Pollution Tax Could Reap in More than 50 Billion Yuan

China may be on the verge of unleashing its most aggressive environmental-protection tax to date. The new law passed through the National People’s Congress is designed to reduce the contamination of air, soil and water. It targets factories, power plants and other emitters of pollutants such as sulphur dioxide. Some analysts say the tax could […]

Trump Empire Widening Scope on Taiwan

Trump Empire Widening Scope on Taiwan

President-elect Donald Trump may be on his way to the White House, but what will become of the Trump business empire he leaves behind? Its next stop may be Taiwan. This week, the mayor of the northeastern Taiwanese city of Taoyuan confirmed that Trump was considering erecting a series of luxury hotels and resorts there. […]

Report: China Now Has the World’s Largest Middle Class

Report: China Now Has the World’s Largest Middle Class

China’s middle class has reached 109 million, outranking the United States for the No.1 spot for the first time ever, according to the Credit Suisse Report. According to the report released On October 13, the middle class in China has been growing faster than its U.S. counterpart. Since 2000, China has added 43.4 million adults […]