China: Automobile sales with double-digit growth
BEIJING – China’s automobile sales rose 47.9 percent year-on-year to nearly 2.44 million units in January, the China Association of Automobile Manufacturers said on Wednesday. The country’s vehicle production rose 51.2 percent year-on-year to 2.41 million units last month. Production … Continue reading China: Automobile sales with double-digit growth
Indonesia Introduces New Income Tax Regulations
JAKARTA – Indonesia is undergoing a major tax reform that aims to harmonize various tax regulations, simplify tax administration, and increase tax compliance. One of the key changes is the introduction of new income tax rates for individual taxpayers, which … Continue reading Indonesia Introduces New Income Tax Regulations
China: Local governments to halt infrastructure projects
BEIJING – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy. … Continue reading China: Local governments to halt infrastructure projects
Volkswagen China plans to hire 3,000 engineers
WOLFSBURG/SHANGHAI – Volkswagen has announced that it plans to hire around 3,000 engineers in China by the end of 2024 to speed up its electric car production and reduce costs. The company wants to strengthen its position in the world’s … Continue reading Volkswagen China plans to hire 3,000 engineers
HONG KONG: A leading global center in AI
HONG KONG – hongArtificial intelligence is changing the world in the 21st century just as profoundly as steam engines did in the 19th century and motor vehicles in the 20th. The changes are all around us already, have often been seamlessly integrated … Continue reading HONG KONG: A leading global center in AI