Economy News

China revises up 2023 GDP, sees little impact on 2024 growth

China revises 2023 GDP by 2.7% in latest economic census

China approves value-added tax law, taking effect in 2026

VAT accounted for around 38% of national tax revenue in 2023

BOJ's Ueda expects further progress in hitting price target next year

Japan to move closer to durably hitting price goal, Ueda says

Global inflation: UAE tracks prices around world to prevent unjustified hikes

Under a new policy, the country banned increasing prices of nine basic consumer goods including cooking oil, eggs, dairy and rice

China plans record $411 billion special treasury bond issuance next year, sources say

Funds to boost consumption, innovation, recapitalise state banks

UAE announces minimum 6-month gap between consecutive price hikes of 9 basic goods

Starting January 2, 2025, retailers prohibited from increasing prices of 9 basic consumer goods

UAE and Croatia explore opportunities to bolster bilateral economic and trade relations

UAE-Croatia non-oil trade increased 44.8% in H1 2024, reaching $78.9 million

Swiss business gets Christmas bonus from EU trade deal

Switzerland’s economy was already tipped to outperform its neighbours

Biden launches new US trade probe into legacy Chinese chips

US trade probe targets mature chips powering autos, appliances

UK economy flat-lined in Q3, in new setback for government

Zero growth in UK GDP in Q3 vs previous estimate of 0.1%