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Tag Archives: Chinese economy

Yen touches 2 months high against Australian dollar

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TOKYO: The yen touched two-week high against the dollar on Monday, while commodity currencies were weak as concerns about the health of the Chinese economy added to unease following a fall on Wall Street. The dollar slid to a two-week low of 116.64 yen in early trade, its lowest since Jan. 16, down from around 117.52 late in New York ... Read More »

Chinese economic growth plunges to its lowest, expands only 7.4% in 2014

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BEIJING: Chinese economic growth plunged to its lowest speed and expanded only 7.4pc in 2014. It is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn. Its slowest rate since 1990 and below its official target of 7.5pc – the first miss since 1999. It expanded 7.7pc in 2013.But analysts said a ... Read More »

Computerization of 632,000 property tax units record kicks off

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LAHORE: The Excise and Taxation Department has started computerization of property tax record. It will help to eliminate corruption and irregularities by the staff. In first phase computerization of property tax record has been started in region B. After the completion it will be started in other regions as well. According to excise and taxation officials, Region B has 382,000 ... Read More »

Excise dept recovers Rs 20 million from defaulter vehicles

Department of Excise & Taxation

Lahore: Punjab Excise and Taxation Department recovered a big amount of Rs 20 million from defaulter vehicles. The owners of the vehicles had not paid token tax for years. According to Director Excise and Taxation Motor Branch Imran Aslam, this amount was recovered from defaulter vehicles in September and October. “The vehicles also include that fall in the category of ... Read More »

World Bank wants China to slash economic growth target to 7%

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BEIJING: World Bank Wednesday urged Beijing to get rid of rigid growth objectives and cut its economic growth target to 7 percent next year without hurting its labor market. At its thrice-yearly review of the Chinese economy, the World Bank warned China against carrying its “ambitious” 2014 economic growth target of 7.5 percent into next year, saying that such a ... Read More »

Growth worries push world shares to six-month low

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New York: Economic growth worries pushed world shares to six-month low on Friday. Investors across the world are concerned about the prospect of a widespread economic slowdown while U.S. monetary stimulus nears its end. Global shares and oil have been hit hard by weak indicators from Europe. Big economies, including China, Japan and Brazil face their own hardships in economic ... Read More »

China covered 12.3pc of world economy in 2013

china-economy

BEIJING: Chinese economy covered about 12.3 per cent of the total global economy in 2013. As per data showed by the Chinese National Bureau of Statistics, the country’s GDP was 56.9 trillion yuan (9.32 trillion US dollars), while GDP per capita was 41,908 yuan (6,821 US dollars) during the same corresponding period. It is worth mentioning that China, the world’s ... Read More »