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Analysis: Governments Grapple With How to Tax AI

As automation threatens labor-linked tax revenue, China’s reliance on VAT highlights a potential route to capturing productivity gains and supporting social security

Heng Swee Keat joins Caixin Media publisher Hu Shuli for a discussion at the 17th Caixin Summit, on Nov. 12. Photo: Caixin

Caixin Summit: China’s Growth and Global Prosperity Must Advance Together, Ex-Singapore DPM Says

The former Singaporean deputy prime minister urged a new global division of labor based on comparative advantage, asserting that zero-sum tariffs and export controls will ultimately shrink the world economy

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Sep 11, 2026 03:46 PM
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Robin Li delivers a speech at the Baidu World conference in Beijing on Nov. 12, 2026. Photo: VCG

Baidu’s Robin Li Urges Companies to Reorganize Around AI

The founder says productivity gains require changes to business structures, not just tools that help employees work faster

Nov 13, 2026 03:29 AM
Kevin Rudd, former Australian prime minister and Asia Society’s global president and CEO, delivers a keynote address by video at the 17th Caixin Summit on the morning of Nov. 12. Photo: Caixin

Caixin Summit: U.S.-China Stability Is Tactical, Not Strategic, Rudd Says

Unresolved disputes over critical minerals and technology controls threaten bilateral stability, the former Australian prime minister says

Nov 13, 2026 01:18 AM
The event focused on Project Ensemble and SFC-authorized tokenized investment products. Photo: SFC

Hong Kong Tokenization Moves Toward Commercial Use, Regulator Says

A Project Ensemble upgrade enables round-the-clock transactions using tokenized deposits as authorities seek wider practical applications

Nov 12, 2026 11:52 PM
Hong Kong generated $7.8 billion in pretax profit in the first half for HSBC. Photo: VCG

HSBC Plans to Merge Singapore Banking Entities

The bank says its Asia-Pacific ownership and management structure will remain unchanged for now, amid reports of a possible broader role for Singapore

Nov 12, 2026 11:19 PM
TCL Chairman Li Dongsheng speaks at the Caixin Summit on Thursday. Photo: Caixin

Caixin Summit: TCL Chairman Urges Manufacturers to Embrace AI and Localize Overseas

Li Dongsheng warns that heavy spending on the technology will trigger a shakeout unless companies can turn investments into returns

Nov 12, 2026 07:29 PM
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Charts of the Day: China’s Demographic Shift Reshapes Education

Preschool and primary student numbers fell again in 2025, while secondary schools expanded, prompting plans to share campuses and reallocate teachers across education levels

Nov 12, 2026 05:36 PM
The Karcher booth at the 9th China International Import Expo in Shanghai on Nov. 1, 2026. Photo: VCG

German Brands Face Mounting Price Pressure in China

Slower demand and stronger local competition are prompting consumer brands to rethink investment, products and marketing in the country

Nov 12, 2026 03:03 PM
Zhang Dandan. Photo: Caixin

AI Has Yet to Displace Workers on a Large Scale, Peking University Professor Says

Zhang Dandan says AI is reshaping jobs, urging workers to identify their unique strengths

Nov 12, 2026 01:54 PM
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Analysis: China’s Insurance Law Revision Aims to Bring Shadowy Owners Into the Light

The proposed changes seek to expose hidden controlling shareholders like those behind past high-profile insurer collapses like Anbang, while rewriting the rules for bailouts, capital oversight and early regulatory intervention

Nov 12, 2026 01:25 PM
Photo: VCG

China Urges Mutual Support With U.S. For APEC, G-20 Summits

In a constructive call with Secretary of State Marco Rubio, Chinese Foreign Minister Wang Yi proposed mutual support for upcoming APEC and G20 meetings to sustain ‘hard-won’ diplomatic momentum

Nov 12, 2026 09:04 AM
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CX Daily: Huawei Closes In on Record Revenue, but at a Cost

The Chinese tech giant’s comeback has been driven by AI chips and a homegrown operating system, but at a cost to its bottom line

Nov 12, 2026 09:00 AM
Southbound Bond Connect, launched in September 2021, lets eligible mainland institutions buy bonds traded in Hong Kong. Photo: VCG

Hong Kong Council Proposes Bond Access for Mainland Pension Funds

A proposal to widen cross-border investment access would link mainland retirement savings with Hong Kong’s ambitions as an asset management hub

Nov 12, 2026 04:34 AM
The People's Bank of China in Beijing. Photo: VCG

PBOC Says Bond Market Facility Won’t Bail Out Individual Firms

The central bank says the tool will address systemic liquidity stress without covering institutions’ credit risks or guaranteeing investor returns

Nov 12, 2026 02:25 AM
China’s nonfinancial state-owned enterprises held 430.7 trillion yuan in assets at the end of 2025.

China’s Nonfinancial State Firms’ Assets More Than Double Since 2017

Assets reached 430.7 trillion yuan at the end of 2025, while state-owned equity rose 5.4% from a year earlier to 115.3 trillion yuan

Nov 12, 2026 01:48 AM
A BYD Datang on display at an auto show in Guangzhou, Guangdong province, on May 1, 2026. Photo: VCG

BYD Apologizes for Wheel Rim Mix-Up on Some Datang SUVs

The automaker says testing found no driving safety risk and offers free inspections, rim swaps and warranty resets

Nov 12, 2026 01:28 AM
China’s State Taxation Administration disclosed on Nov. 11 that taxpayers had declared more than 160 billion yuan in personal income taxes tied to offshore trusts. Photo: VCG

Offshore Trust Taxes Help Fuel China’s 90% Personal Income Tax Surge

Authorities collected more than 120 billion yuan in offshore trust taxes in October, helping push 10-month personal income tax revenue above the full-year 2025 total

Nov 12, 2026 12:57 AM



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