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BEIJING: China's exports unexpectedly returned to growth in May despite higher U.S. tariffs, but imports fell in a further sign of weak domestic demand that could prompt Beijing to step up stimulus measures.
SHU Wenbin is one of the millions of private business entrepreneurs in China set to benefit from large-scale tax cuts that take effect this month.
BEIJING: China's tax authority has launched a two-month investigation into tax-related third-party service providers to ensure companies do not incur additional costs as Beijing presses for tax reforms and fee cuts.
HONG KONG: The Chinese stock market closed higher on Friday after Premier Li Keqiang vowed strong measures to boost slowing economic growth.
BEIJING: China can use reserve requirements and interest rates to support economic growth, Premier Li Keqiang said on Friday, promising efforts to prevent a sharper deceleration as the world's second-biggest economy expands at its slowest pace in almost three decades.
BEIJING: China's decision to increase its budget deficit ratio to 2.8 percent this year from 2.6 percent in 2018 is appropriate for the economy, and leaves room for policymakers to manoeuvre, Finance Minister Liu Kun said on Thursday.
BEIJING: China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to weaker domestic demand and a trade war with the United States.
DUBAI: Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said, and she cautioned against spending money on ”white elephant projects”.