China’s fiscal revenue rose 0.6 per cent in 2022 from a year earlier, slowing sharply from a 10.7 per cent increase in 2021 due to huge tax rebates for businesses to support the COVID-ravaged economy,…
Monthly Archives For January 2023
China 2022 fiscal revenue +9.1% y/y, excluding tax credit rebates
China’s fiscal revenue rose 9.1% in 2022 from a year earlier, after excluding the impact of value-added-tax credit rebates, the finance ministry said on Monday. Fiscal expenditure rose 6.1% in the …
Covid Zero, Property Slump Drive China Into Record Deficit
China’s budget deficit jumped to a record $1.3 trillion last year, showing the strain put on local government finances by the spending needed to implement and offset the ultimately futile Covid Zero …
China says Covid-19 situation at ‘low level’ after CNY holiday
Some experts had warned that Chinese New Year travel would trigger a wave of infections in rural areas. Read more at straitstimes.com.
COVID-19 tests for China arrivals to be extended
(ANSA) – ROME, JAN 30 – Health Minister Orazio Schillaci said Monday that the government is set to extend the obligation for people arriving in Italy from China to have a COVID-19 test due to…
Honking prohibited in Shenzhen
Honking of car horns is prohibited in the Shenzhen Special Economic Zone in Guangdong province. The rule, which took effect on Jan 22, will last one year — until Jan 21, 2024. According to an…
Chinese bourse turnover exceeds 1 trillion yuan amid New Year rebound
The long-lost robust turnover on the two major bourses in Shanghai and Shenzhen topped 1.06 trillion yuan on Monday, the first time the one-day trading volume surpassed the 1-trillion-yuan mark since …
China says COVID situation at ‘low level’ after holiday
China said on Monday that the COVID-19 situation in the country was at a “low level”, and that fever clinic visits due to the coronavirus during the Lunar New Year dropped about 40% from before…
China’s step towards cryptocurrency regulations
The relationship between China and the crypto market is very complicated, and one cannot sum it up in a few words. There have been some restrictions on cryptocurrency since the beginning of the crypto …
China says COVID-19 situation at ‘low level’ after Chinese New Year holiday
BEIJING: China said on Monday (Jan 30) that the COVID-19 situation in the country was at a “low level”, and that fever clinic visits due to the coronavirus during Chinese New Year dropped about 40…
No new Covid-19 variants in China despite mass migration during CNY
Although millions travelled to their hometowns during the holiday, only older strains of Omicron were detected. Read more at straitstimes.com.
Wave of Covid-19 infections in China ‘coming to an end’
The Center for Disease Control and Prevention (CDC) said in a report that infections are past their peak and have begun to trend downward …
With COVID lockdowns lifted, China says it’s back in business. But it’s not so easy
China has been trying to woo back foreign investors and businesses after nearly three years of self-imposed isolation, but a quick economic recovery will also hinge on domestic consumption.
