China to crank up tax collection in 2021

China to crank up tax collection in 2021

(ATF) China has a long history of companies and individuals keen to avoid paying tax – if possible – during its many years of economic reform. But President Xi is leading a push to replenish state finances by getting private businesses to pay a greater share of the country's huge …

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Small caps set to keep surging as vaccines aid recovery

Small caps set to keep surging as vaccines aid recovery

NEW YORK: Small-cap stocks have far outperformed their larger counterparts in November en route to their best monthly performance on record, and look set to remain Wall Street leaders as companies poised to benefit from an economic recovery. The Russell 2000 and S&P 600 indexes of small-cap stocks are up …

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More data signals strong China growth

More data signals China growth

(ATF) China is powering its way out of the coronavirus downturn. Yet more data released Tuesday showed the world’s second-largest economy is growing at an ever-faster rate, just months after the pandemic inflicted the first quarterly contraction in generations on the communist state. The latest purchasing managers index (PMI) survey …

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Change is coming for Chinese banks and foreign banks in China

Change is coming for Chinese banks and foreign banks in China

(ATF) With China’s banking industry increasingly operating abroad and foreign banks moving into China, a top official in the country has said a new regulatory body should be set up to manage this more global banking structure. China's financial services will need to move from institutional supervision to functional oversight, …

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Singapore expects a healthy return to growth in 2021

Singapore expects a healthy return to growth in 2021

(ATF) In a good omen for a global economic recovery, Singapore expects to return to growth next year as the city state made a strong third quarter performance powered by pharmaceuticals and electronics. Singapore’s gross domestic product (GDP) fell 5.8% year-on-year in the third quarter, the Ministry of Trade and …

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A global sigh of relief

A global sigh of relief

(ATF) Swiss pharmaceutical giant Pfizer said it’s ready to begin a delivery programme for its Covid vaccine in the US the day after a second treatment showed a high level of efficacy. The response from economists has been predictable. “There is light at the end of the tunnel,” said Gain …

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Battered value bulls wary as vaccine news fuels cheap stock surge 

Battered value bulls wary as vaccine news fuels cheap stock surge 

NEW YORK: A long period of underperformance for value stocks has frustrated Mike Mullaney, whose firm's investing style is "all value, all the time." One low point came when Mullaney noticed competing funds in the value space buying up big technology and other momentum stocks - regarded as the antithesis …

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