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Event Brief

China Raises Taxes to Boost Finances Amid Revenue Drop

Beijing tightens tax incentives in select sectors to address fiscal revenue decline, sparking market speculation.
WHO: Chinese government
WHAT: Raised taxes and tightened tax incentives
WHEN: Feb 4, 2026 at 1:40 AM ET
WHERE: Beijing, China
WHY: To boost government finances after a sharp revenue drop

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