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In the first two months of 2019, China’s budget revenues increased by 7% to 3 trillion 910 billion yuan in annual terms, according to data from the Ministry of Finance. The central government noted an increase in budget revenues by 6.6% to 1 trillion 940 billion yuan. The aggregate income of local government budgets was 1 trillion 970 billion yuan, an increase of 7.4%. Tax revenues amounted to 3.5 trillion yuan. Its growth was at the level of 6.6%. At the same time, a 18.1% reduction was shown by income from the collection of income tax from individuals. The Chinese budget expenditures over two months increased by 14.6% against the same period a year earlier, having reached 3 trillion 330 billion yuan. The largest increase in expenses was observed in transport, environmental protection and energy conservation sphere.
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy