Every China edition still online, newest first. Editions older than 30 days are retired from the site and kept in the local archive.

1. Edition 005Sunday, 18 October 2026Pattern break

   China's 0.25% scrap-seller tax is a prepayment that stops matching at ¥1,800,000.

   The 0.25% and 0.5% reverse-invoicing prepayment rates in 国家税务总局公告2026年第12号 第一条 are the 经营所得 table's 5% and 10% brackets scaled by a 5% 应税所得率, and they replicate the real liability exactly up to ¥1,800,000 of annual sales and no further — so at 公告2024年第5号's ¥5,000,000 personal ceiling ¥23,500 is prepaid against ¥39,500 owed, and the binding constraint on the route is a 9.8564% gross margin, not capital.

2. Edition 004Sunday, 11 October 2026Pattern break

   The only zero-tax structure in PRC law is the one that forbids adding value.

   增值税法 第二十四条 and 财税〔2004〕30号 第一条 give a grower of their own produce zero VAT and zero income tax with no ceiling of any kind, and 电子商务法 第十条 exempts them from business registration — but 雪榕生物 (300511) sold 401,485.64 tonnes in 2025 under the same exemption for a 1.4990% net margin, so at the ¥4.36/kg national wholesale average the exemption has already been competed into the buyer's price, and only direct sale keeps it. Processing is the act that forfeits it.

3. Edition 002Sunday, 4 October 2026Pattern break

   Shanghai's bankruptcy auctions have no price floor, and three registered trademarks opened at ¥1,920.

   Shanghai's bankruptcy auctions are exempt from the 70% price floor and the 20% per-round cap that bind enforcement auctions on the same platforms (沪高法〔2021〕222号 第二十二条) — 上海市第三中级人民法院's 嘉辀电子 estate opened three registered trademarks at ¥1,920, and the binding constraint on the ladder is turns per month, not capital.

4. Edition 001Sunday, 27 September 2026Pattern break

   Shanghai's own rule for its government marketplace forbids anyone from charging a supplier to be listed on it — and PRC procurement law names 自然人, a natural person, as a valid supplier.

   Shanghai bans any charge for listing on its government marketplace (沪财发〔2025〕2号 第四条) and PRC law makes a natural person a lawful supplier — entry costs ¥0, payment is 10 working days, and choosing 个体工商户 over 有限责任公司 saves ¥90,800 of billing a year at $5,000/month net.