News

New COVID-19 measures released

China plans to reduce the COVID-19 quarantine period for incoming travelers and close contacts from 10 days to eight, cancel circuit breakers for inbound flights and no longer trace...

(CIIE) Tentative deals totaling 73.5 bln USD signed at 5th import expo

A total of 145 countries, regions and international organizations attended the expo, Sun said, adding that more than 2,800 enterprises from 127 countries and regions participated in the business...

China aims to foster digital transformation of SMEs

China's Ministry of Industry and Information Technology has recently released a guideline to facilitate the digital transformation of small and medium-sized enterprises (SMEs). The guideline calls for the creation...

China’s digital economy hits 45 trln yuan

The value of China's digital economy reached 45.5 trillion yuan (about 6.3 trillion U.S. dollars) in 2021, accounting for 39.8 percent of the country's GDP, according to a report...

Bulgaria Proposes to Allow VAT Bad Debt Relief

The Council of Ministers has submitted a proposal for amendments to the Value Added Tax Act (VAT Act) to the parliament. Among other things, it introduces a VAT bad...

Government Proposes Windfall Tax on Fossil Fuel Sector

The Council of Ministers has submitted to the parliament a proposal for the introduction of a windfall tax on companies in the crude petroleum, natural gas, coal and refinery...

Economy Statement by Benjamin Harris, Assistant Secretary for Economy Policy, for the Treasury Borrowing Advisory Committee

The U.S. economy showed continued signs of strength in the third quarter of 2022 and resilience in the face of global headwinds and persistent pandemic-related economic headwinds.  The combination...

Dubai retains its position as world’s top FDI destination

Dubai consolidated its status as the world’s leading foreign direct investment (FDI) hub, retaining its first rank globally for attracting FDI projects during H1 2022. The news was announced...

Rishi Sunak’s first speech as Prime Minister: 25 October 2022

Rihi Sunak gave his first speech as Prime Minister in Downing Street. Good morning, I have just been to Buckingham Palace and accepted His Majesty The King’s invitation to...

The People’s Daily published a commentary titled “Dynamic Zero Elimination is Sustainable and Must Persist”

It is the clearest signal from state media about China's policy direction amid recent outbreaks in many parts of the country. The article points out that only when the...