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The budget deficit in China in the first half of 2018 decreased to 726 billion 100 million yuan from 917 billion 700 million yuan in the same period last year, the Xinhua news agency reported. According to the country's Ministry of Finance, budget revenues grew by 10.6% year-on-year to 10 trillion 430 billion yuan. Expenditures increased by 7.8% to 11 trillion 160 billion yuan. According to the results of the first half of the year, tax revenues, net of tax refund on exports, amounted to 8 trillion 200 billion yuan, increased by 15.3%, data of the Main State Tax Administration of the People's Republic of China showed. Chinese authorities expect that by the end of 2018 the budget deficit will decrease to 2.6% of GDP in comparison with 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 ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
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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