ECONOMIC AFFAIRSAsia News Network

Shanghai’s tourism sector rakes in billions during Spring Festival

During the seven-day national holiday, Shanghai held approximately 500 cultural and tourism activities.

The finance minister also said he was targeting a budget shortfall of 5-5.25% of the GDP in the fiscal year starting on July 1.

The Reserve Bank of India will launch its digital currency later this year, and plans to tax the income from the transfer of virtual assets.

After bananas and mangoes, longans are set to be the third Cambodian fruit to be exported directly to the Chinese market.

The Prime Minister said the Budget had kept in mind the well-being of the poor, middle-class, and youth.

Hong Kong’s GDP expanded by 4.8 percent year-on-year in the fourth quarter of 2021, representing a further recovery.

Farmers are becoming wealthier as improved logistics convenience boosts sales of agricultural produce.

The average per-tonne selling price of latex in 2021 was $1,666 per tonne, rising by $284 or 21 per cent over a year earlier.

Indonesia’s revision for GDP growth is in line with a worldwide trend as the IMF reduced its forecast for global growth for 2022.

The South Korean economy grew 4 percent last year from a year earlier, the fastest growth in 11 years.