China’s baby steps: Ageing Beijing to tax condoms, contraceptives; here’s why

(AI image generated using ChatGPT) China has begun taxing condoms and other contraceptives, ending a three-decade exemption as the government intensifies efforts to reverse a deepening demographic decline. From January 1, condoms and contraceptive pills are subject to a 13% value-added tax, the standard rate applied to most consumer goods, according to Reuters.The move marks […]