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GDP: How far can it fall?

Updated: 2015-02-03 07:17
By Chen Jia (China Daily)

Related special coverage: Top 9 policies to influence China's economy in 2015, by chinadaily.com.cn

China announced several major economic and financial measures in December 2014 to arrest the slowdown and jumpstart crucial sectors. Let's take a look at some of the steps taken by the government.

Tougher tax scrutiny

Foreign firms may face tougher tax scrutiny in China, the State Administration of Taxation said on Dec 2, 2014.

China would establish a comprehensive system to monitor foreign companies' profitability to curb cross-border tax evasion.

GDP: How far can it fall?

China got tough on tax evasion by foreign firms. US-based Microsoft reportedly faces $137 million in back taxes to China, Nov 23, 2014. [Photo/IC]

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