Holiday spending reflects upturn in China’s consumer market
Local governments have come up with diversified measures to boost culture and tourism consumption.
Big Picture
Korea’s transport ministry offers increase of taxi-hailing fee to resolve nighttime cab shortage
In Seoul, the number of corporate taxi drivers has decreased to 21,000 from 31,000 making hailing a taxi extremely difficult at night.
Cambodia PM gauges private sector development
“The more the private sector flourishes, the more taxes are paid – money which can then be invested,” Prime Minister Hun Sen stated.
India playing important role in global fight against terror: President
While leading economies of the world were still trying to overcome the effects of the pandemic, India has stood up again and started to move on, according to President Murmu.
Three Chinese regions account for over 40% of China’s GDP
These regions have become the main source of scientific and technological innovation and the leaders of institutional opening-up with economic benefits.
‘Hong Kong should offer more incentives to attract, retain talents’: PricewaterhouseCoopers
The accounting and consulting firm PwC noted that the rising tide of uncertainties in the global economy, coupled with internal constraints, have sapped its economic growth.
Japan’s consumer spending hit hard by emergency
According to reports, consumer spending was weak during the first quarter of the year due to the impact state of emergency declared in January.
Over 50% of Thai bureaucrats say nepotism influences promotions: Survey
Asked whether nepotism affected promotions within the bureaucracy, 50.15 per cent of respondents said it had a strong influence or occurred quite often.
25 pc startups in US’ managed by Indian origin: Sitharaman
India now has 100 unicorns, setting their market value at USD 250 billion; they have also collectively raised USD 63 billion from the market, the minister said.
Beijing steps up plan to become global high-tech, innovation hub
Boasting a group of companies and research institutes in various sectors, Zhongguancun saw its research and development fees hit 239.30 billion yuan ($34.49 billion) in 2021.