China’s revised Foreign Trade Law to spur high-level opening-up
The updated provisions will also help foster a more enabling climate for mutually beneficial global cooperation and advance an open world economy, experts say.
Policy Matters
Labour unions protest Jakarta minimum wage, vow court battle
They are demanding the wage be raised to Rp 5.89 million, in line with Jakarta’s decent living needs as calculated by Statistics Indonesia (BPS).
China to apply lower import tariff rates to unleash market potential
In a statement, the Customs Tariff Commission of the State Council, China's Cabinet, said the provisional import tariffs will be applied as part of an annual tariff adjustment…
Profound budget policy changes failed to lift Indonesia’s growth in 2025
The first full year under the leadership of President Prabowo Subianto was marked by pronounced changes in budget allocations and a shift toward pro-growth fiscal policy, but amid…
China steps up measures to stimulate consumption
Economists said that a robust and expanding consumer base not only powers China's high-quality development but also provides a stabilizing force for the global economy amid…
Japanese government plans to double staff tasked with checking AI safety
According to the draft plan, the government aims to balance technological innovation with risk management to make Japan the country with the best environment in the world for…
Two-day annual conference sets China’s economic priorities for 2026
A more proactive fiscal policy and moderately accommodative monetary stance have been planned.
Vietnam’s National Assembly passes first-ever law on artificial intelligence
The draft law establishes core principles, prohibited acts, and a risk management framework.
Will the end of South Korea’s aesthetics VAT refund drive medical tourists away?
Long supported by Korea’s price competitiveness, the industry warns that losing the tax incentive will not only raise costs for patients but also weaken pricing transparency, a…
China’s upgraded tax policy reshaping inbound shopping
Wu Liyun, a professor at the China Academy of Culture and Tourism Industry at Beijing International Studies University, said the core significance of the policy upgrade lies in a…