Economic developing countries news coverage

China announced on Tuesday a relaxation of its visa-free transit policy, extending the permitted stay for eligible foreign travellers to 240 hours, or 10 days, from the original 72-144 hours, as authorities aim to lure more foreign visitors. The measure, which is effective immediately, was announced by the National Immigration Administration (NIA) on its official […]

Asia kicks off the final full trading week of 2024 with the monthly ‘China data dump’ landing on Monday, and with investors leaning toward keeping the stock market bull run going as central banks around the world go into easing mode. Several G10 central banks last week cut interest rates or, in the case of Australia, signaled it may do so soon, […]

Chinese Embassy in the UK hosted a reception to mark the 75th anniversary of the founding of the People’s Republic of China on Wednesday last week . H.E. Ambassador Zheng Zeguang delivered the keynote speech, while Parliamentary Under-Secretary Catherine West, representing the UK government, also addressed the gathering. The event was attended by more than […]

China opened an anti-subsidy probe into imported dairy products from the European Union on Wednesday, stepping up tension with the bloc a day after Brussels published its revised tariff plan for China-made electric vehicles.  The EU on Tuesday revised its proposed punitive duties on imports of Chinese EVs to 36.3% from an initial planned duty of 37.6%, […]

PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of clients darken business prospects. Reuters says The move follows Chinese regulators’ scrutiny of PwC this year for its role as the auditor of troubled […]