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For the period from January to April 2018, China's budget revenues increased by 12.9% year-on-year to 6.9 trillion yuan, the country's Finance Ministry said. Revenues from goods and services collection increased by 18.4%, corporate income tax - by 13%. Budget expenditures increased in annual terms by 10.3% to 6.6 trillion yuan. The growth of expenses for social security and unemployed people made up 10.9%, for education - 7.1%. In April, the Chinese budget revenues grew by 11%. Tax revenues increased by 14.6%, while non-tax revenues decreased by 12.9%. Expenses of the budget in April increased by 8.2%.
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 ...
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 ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
KYC Policy