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The revenues of the budget of China for the period from January to July this year grew by 10% in annual terms and amounted to 12 trillion yuan, according to the data of the country's Ministry of Finance. Expenses increased by 7.3% compared to the same period last year to 12 trillion 600 billion yuan. In July, budget revenues of China amounted to 1 trillion 750 billion yuan, increased by 6.1% in annual terms. Incomes to the central budget increased by 1.2%, to local budgets - by 11.4%. It is expected that by the end of 2018, the budget deficit of the PRC will be 2.6% of GDP, falling from 3% of GDP in 2017.
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