Manufacturing SMEs enjoyed US$39.1 billion in tax deferrals in March 2022. What China tax incentives are available for SMEs, and can they help boost growth?
Monthly Archives For April 2022
China’s industrial profits up 8.5 pct in Q1
Profits of China’s major industrial firms rose 8.5 percent year on year in the first quarter of 2022, official data showed on Wednesday. Industrial firms each with annual main business revenue of at …
China paying price for sitting on fence in Russia-Ukraine conflict: Blinken
China is paying a “reputational cost” for sitting on fence on Russia’s invasion of Ukraine, US Secretary of State Tony Blinken told lawmakers on Tuesday.
Anger erupts at China’s ‘Big White’ army of Covid-19 lockdown enforcers
Shortly after Shanghai went into lockdown, Mr Mark Liu volunteered to help authorities provide essential goods to millions of residents by becoming what’s known as a Dabai, or “Big White”. . Read more …
China policymakers disagree on property crackdown
Chinese regulators led by vice-premier Liu He are concerned that the government is underestimating the economic impact of its crackdown on the property sector and Covid-19 lockdowns in Shanghai and …
Oil prices extend gains after news of China stimulus
Oil prices rose in early Asian trade on Wednesday, extending gains from the previous session after China’s central bank said it would support its economy.
China’s Weakening Yuan Is Good for Everyone
China’s economy needs all the help it can get. Draconian efforts to contain Covid-19 are eroding growth prospects and weakening the yuan. Good thing Beijing never ceded full control of its currency to …
Jeff Bezos floats theory that China has ‘leverage’ over Twitter after Elon Musk buyout
After Twitter announced on Monday that it had accepted Tesla CEO Elon Musk’s $44 billion deal to buy the company, Amazon founder Jeff Bezos publicly questioned whether China would gain “leverage” over …
China capital outflows: as US battles inflation, Beijing goes on alert for ‘spillover effects’ from rate hikes
Foreign investors have dumped Chinese equities and bonds at a rapid pace over the past two months, while the yuan has come under strong depreciation pressure The last time China experienced such …
Viewpoint: China COVID policies to squeeze flow of European exports to North America
China’s zero-COVID measures will make it harder for European exports to reach the East Coast because empty containers aren’t getting where they’re needed.
China monitors the metaverse with state-backed NFT network
China is launching a state-backed NFT network with the purposes of extending its controls over the internet as it morphs into Web3, according to Reuters. Without specifically using the term NFT, China …
Texas Instruments braces for 10% revenue hit from China lockdowns
The Dallas-based chipmaker dodged questions about whether the situation in China would exacerbate computer chip shortages.
Texas Instruments Says China Covid-19 Lockdowns Will Dent Second-Quarter Sales
Texas Instruments Inc. reported better-than-expected sales in the first quarter but forecast a slowdown in the current quarter due to pandemic-related restrictions in China. The Dallas-based company …
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