News

China’s auto manufacturing industry logs steady expansion in Q1

China's automobile manufacturing sector reported stable output and revenue growth in the first quarter (Q1) of this year, data from the China Association of Automobile Manufacturers showed. The industrial...

China releases document on advancing elderly care system

Chinese authorities Sunday released a set of guidelines for facilitating the building of the basic elderly care system. The document, released jointly by the General Office of the Communist...

Singapore – Upcoming changes to Employment Pass eligibility

Singapore's allure derives not only from its promising business prospects but also from the wealth of talent it possesses. Ranked 2nd globally and 1st in the regional group in...

UK and Switzerland enhanced free trade agreement negotiations

UK Business and Trade Secretary, Kemi Badenoch, launched negotiations for a modern, updated free trade agreement with Switzerland to boost trade between the two services superpowers. Switzerland is one...

Dubai retains No.1 global ranking for attracting Greenfield FDI projects

Dubai retained its No. 1 spot globally for attracting Greenfield FDI projects in 2022, further reinforcing its position as the world’s top foreign direct investment hub, according to the...

Hong Kong hub for giant trade region

The Regional Comprehensive Economic Partnership (RCEP) is a giant trade area extending from the fringes of the Arctic (Hokkaido, Japan, main picture) to the Antarctic (New Zealand) and encompassing...

China’s foreign trade up 5.8% in first four months of 2023

China's foreign trade grew at a faster pace in the first four months of the year amid uncertain external demand, trade risks and other challenges. China's total imports and...

CCFEA First Meeting Stresses Accelerating Industrial System Modernization and Improving Industrial Policies for New Development Stage

President Xi Jinping, also director of the Central Commission for Financial and Economic Affairs ("CCFEA"), presided over the first meeting of the CCFEA under the 20th CPC Central Committee...

China to Accelerate Development of Advanced Manufacturing Clusters

Premier Li Qiang chaired a State Council executive meeting on May 5, 2023, which deliberated and adopted a guideline on accelerating the development of the advanced manufacturing clusters. The...

Federal Tax Authority Clarifies Change in Tax Period

The Federal Tax Authority (FTA) has clarified through Decision No. 5 of 2023 the rules for changing the tax period for corporate income tax purposes. The Decision provides that...