Working Group News
Eurozone economy to shrink by 1.9% this year
The eurozone economy will shrink by 1.9 percent this year due to the ongoing international financial crisis, the European Commission said in its latest economic forecast Monday.
China becomes third largest economy
China overtook Germany to become the world’s third-largest economy in 2007 after the Chinese authorities revised upwards the figures for growth during that year.
Read moreNDRC rules out fuel price cuts
The National Development and Reform Commission has ruled out a further reduction in the prices of gasoline and diesel, despite the fall in global crude prices.
Read moreNDRC rules out fuel price cuts
The National Development and Reform Commission has ruled out a further reduction in the prices of gasoline and diesel, despite the fall in global crude prices.
Read moreExports and imports fall again in Dec.
China's exports and imports declined for the second consecutive month in December, reflecting weakening external and domestic demand amid the global financial crisis, the customs said Tuesday.
Read moreNew Taxation Implementations Measures
The long-awaited “Implementation Measures of Special Tax Adjustments (Trial)” (the “Measures”) were signed by China's State Administration of Taxation (the "SAT") on 8 January, 2009 and formally issued on 9 January 2009 in the form of Guo Shui Fa [2009] No. 2.
Read moreChina sees 'success' in offsetting crisis
Wen Jiabao declared China's efforts to offset the effect of the global economic slowdown an "initial success" on Sunday as the economy performed "better than expected" last month.
Read moreEuropean Chamber wins sustainable development project funding worth EUR 3 million over 4 years
The European Chamber is delighted to announce that its proposal for a European Commission funded grant, under the SWITCH Asia project has been chosen for implementation.
Read moreLack of candidates clears way for Lamy to remain at WTO
No candidates have come forward to challenge the reappointment of Pascal Lamy as director-general of the World Trade Organisation when his term of office expires this year.
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