China Economic system & Firm

Hong Kong’s financial system expanded by three.9{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} 12 months-on-12 months in real terms in the first three quarters of 2017, after growing by 2{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} in 2016. IT, ITeS firms jittery over Rs 10,000 crore tax demand 23 Nov, 2017 09:33 AM ISTI-T dept has told cos to return export advantages claimed in final 5 yrs on software offered to foreign purchasers, and has sought 15{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} additional service tax together with fines. Jio experiences constructive AGR of Rs four,270 crore for the primary time in September quarter 25 Nov, 2017 12:38 AM ISTJio’s positive AGR drove up total telecom business income by eight.6 per cent to Rs 30,000 crore sequentially within the second quarter after three successive quarters of declines.

The four pillar economic sectors of Hong Kong are: buying and selling and logistics (22.three{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} of GDP by way of value-added in 2015), tourism (5{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed}), financial companies (17.6{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed}), and professional providers and other producer companies (12.three{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed}). On the other hand, Hong Kong has turn out to be a member of the Asian Infrastructure Funding Bank (AIIB) since June 2017. The Chinese mainland, on the other hand, is a leading investor in Hong Kong.

Meanwhile, Hong Kong’s client prices rose 1.4{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} yr-on-yr …

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