Proposed Doubling of China's Tax-Free Allowance to Boost Consumer Spending at Two Sessions 2024

Monday, 4 March 2024, 13:30

During China's 'two sessions' 2024, delegate Zhang Xuewu plans to propose doubling the country's tax-free allowance to 10,000 yuan (US$1,389) per month. This initiative aims to stimulate consumption and encourage people to spend more.
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Proposed Doubling of China's Tax-Free Allowance to Boost Consumer Spending at Two Sessions 2024

China's Two Sessions 2024: Doubling Tax-Free Allowance

National People’s Congress delegate Zhang Xuewu is advocating for doubling China’s tax-free allowance to 10,000 yuan (US$1,389) per month in an effort to boost consumption.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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