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China will reduce duties on imports of a number of consumer goods. This will affect a significantly larger number of categories of goods than the decline by almost 200 varieties of goods announced last year, Bloomberg reports referring to unnamed sources. The reduction in duties will affect goods from food and medicine to cosmetics. Earlier, the Ministry of Finance of the People's Republic of China announced the reduction of import duties for cars from 25% to 15% and of import of spare parts to 6% starting from July 1. Chinese President Xi Jinping at the opening ceremony of the Asian Economic Forum in Boao in April promised to continue to open the country's economy, as well as reduce duties on a number of imported goods.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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