China revises up 2023 GDP to $17.73 trillion
BEIJING (Reuters) – China on Thursday revised up its 2023 gross domestic product (GDP) by 2.7% to 129.4 trillion yuan ($17.73 trillion), the head of the National Bureau of Statistics Kang Yi said at a press conference in Beijing. China’s…
World bank raises China’s GDP forecast for 2024, 2025
(Reuters) – The World Bank on Thursday said it raised its forecasts for China’s gross domestic product growth for 2024 and 2025 to account for the effect of recent policy easing and near-term export strength. China’s GDP growth is now…
Dollar stays resilient, Asia shares get festive lift
By Rae Wee SINGAPORE (Reuters) – Asia shares rose slightly in holiday-thinned trade on Thursday, extending gains from earlier in the week with little news or data in the way to alter their direction of travel, while the dollar was…
China approves value-added tax law, taking effect in 2026
BEIJING (Reuters) – China approved a value-added tax law on Wednesday to take effect on Jan. 1, 2026, the official Xinhua said, bringing into one document previous regulations that have included exempting items from the tax. VAT, the largest tax…
BOJ’s Ueda expects further progress in hitting price target next year
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank expects the economy to move closer to sustainably achieving its 2% inflation target next year, suggesting the timing of its next interest…
China cenbank conducts medium-term loan operation, leaves rate unchanged
SHANGHAI (Reuters) – China’s central bank conducted a medium-term loan operation on Wednesday while keeping the interest rate unchanged. The People’s Bank of China (PBOC) issued 300 billion yuan ($41.10 billion) worth of one-year medium-term lending facility (MLF) loans to…