This bit is hilarious, like what China couldn’t issue currency the way the US does if they really wanted to?

“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”

The way they’re trying to frame these companies cheating on their taxes, as if the government is the bad one for not letting them get away with it. My brain is melting 🫠

I saw someone on Twitter called “The Great Thinker” say:

This is the worst time to do so as the economy is in a recession.