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Industry/Policy View Taxation Trends and Challenges in a Digital Economy — Implications for the People’s Republic of China Akiko Terada-Hagiwara, Sep 11, 2019 The digital economy is growing rapidly across the globe and, among developing countries, the PRC is a leader. Despite its promise, the global digital economy also poses many challenges, including tax base erosion and profit shifting. Given the initial efforts by the PRC to address these challenges, this post recommends that the country continues to participate in the international taxation forum, adopt unilateral measures, improve its tax registration system, and strengthen its tax administration capacity.
E-Commerce Development and Household Consumption Growth in China Xubei Luo, Yue Wang, Xiaobo Zhang, Sep 04, 2019 China has quickly become the largest e-commerce market in the world. E-commerce has reshaped consumption patterns in recent years. This paper examines how e-commerce development has shaped household consumption growth in China. It finds that e-commerce development is associated with higher consumption growth, that the link is stronger for the rural sample, inland regions, and poor households...
Industry/Policy View China’s Digital Economy: Opportunities and Risks Longmei Zhang, Sally Chen, Aug 28, 2019 China’s digital economy has expanded rapidly in recent years, including both the emergence of new digital industries and the digitalization of traditional sectors. This brings significant opportunities but also potential risks. The blog discusses the pros and cons of digitalization and how the government can do better in maximizing the benefit while minimizing the risks.
Rise of Bank Competition: Evidence from Banking Deregulation in China Haoyu Gao, Hong Ru, Robert Townsend, Xiaoguang Yang, Aug 17, 2019 This paper documents a novel trade-off of banking deregulation in the context of China by using loan-level big data. We find that following a deregulation in the form of geographically lowered bank entry barriers, the potential benefits such as the lower interest rates for borrowers were mitigated adversely by the worsening credit allocation. The soft budget constraint...
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