China pivots to ‘investing in people’ strategy as growth engine switches gears
China will allocate more of its fiscal spending this year towards human capital and social safety nets, as…
China pledges ‘iron discipline’ to tackle debt risks as US borrowing under Trump surges
As the United States grapples with mounting debt, China is doubling down on efforts to clean up its…
Singapore’s richest 1% holds 14% of total wealth, ‘broadly comparable’ with other advanced economies
Wealth inequality in Singapore exceeds income inequality, and is broadly in line with other advanced economies, new findings…
China’s cabinet clears path for VAT law to take effect next month
The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed…
5 New Money Rules from November 1: Big changes to bank accounts, safety lockers, pensioners, UPS deadline and others – News
With these updates rolling out simultaneously, November promises to be a busy month for both financial institutions and…
Pakistan’s economy collapsing? Public debt rises to $286.8 billion; debt-to-GDP ratio hits 70%
Pakistan’s total public debt reached $286.832 billion (PKR 80.6 trillion) as of June 2025, almost 13 per cent…
The Great Mall: how China is turning foreign tourists into shoppers
Foreign tourists in China are increasingly drawn to shopping, said Steven Zhao, CEO of China Highlights, a travel…
China’s Hunan puts non-tax revenue in crosshairs, cracking down on sketchy fines
Hunan has become the latest Chinese province to tighten controls on non-tax revenue growth through a revision of…
Pakistan ‘unprecedentedly’ retires Rs2,600bn domestic debt ahead of schedule – Business & Finance
In an unprecedented and historic achievement for fiscal responsibility, the Ministry of Finance (MoF), Government of Pakistan (GoP),…
As China defuses its time bomb of debt, US hears the ticking intensify
Concerns over China’s local-level debt have long loomed large in international discourse, with a mountain of “hidden” debt…