China should tax the rich and raise the income threshold in common prosperity push: Gree Electric chief

Feb 20, 2022 | INVESTING

China should raise the minimum income tax threshold to boost consumption and the rich should be taxed more as the country works towards “common prosperity”, according to a prominent businesswoman.Gree Electric Appliances chairwoman Dong Mingzhu told state broadcaster CCTV on Saturday that consumption would only pick up if there was job security.“We have been saying that consumption is weak but how can people spend more if they don’t have any income?” Dong said.Dong, a National People’s Congress…

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