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HK property sales up 24.2% in Jan

The Land Registry recorded 4,427 sale and purchase agreements for all building units received for registration in January, up 24.2% compared with December 2022, but 25.1% lower year-on-year.

Airline prices from China to SE Asia dropped after Spring Festival

Airfare prices from China to Southeast Asia have decreased about 30 percent after the Spring Festival, according to data released Tuesday by Chinese online travel platform Qunar.

Meta releases Q4, full-year results, net income drastically falls

U.S. social media giant Meta Platforms, Inc. on Wednesday reported its financial results for the fourth quarter and the full year ended Dec. 31, 2022, with drastic decrease in net income.

Eco-friendly economics: some lessons from China

In the memorable expression of President Xi Jinping, delivered at the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15), “Green mountains are gold mountains and silver mountains”.

China continues to be major engine of global growth, says U.S. scholar

When advanced countries might suffer from deep recession, "only China is the country that will continue to be a major engine of global growth," a U.S. scholar has said.

HK's GDP down 3.5% in 2022

Hong Kong's economy in the fourth quarter of 2022 decreased 4.2% year-on-year, and shrank 3.5% for 2022 as a whole.

In 2022, China's tax and fee cuts, rebates, and deferrals exceed 4 trillion yuan

China's tax refunds, as well as tax and fee cuts and deferrals, exceeded 4.2 trillion yuan (about 621.27 billion U.S. dollars) in 2022 amid the country's efforts to stabilize the macroeconomy, China's top tax authority said on Tuesday.

Brexit deals blow to UK economy, says expert

Three years after the United Kingdom's (UK) departure from the European Union (EU), there is now a reasonable consensus that the effects of Brexit on the country's economy have been negative, and public support for it has been decreasing, a scholar has said.

PayPal to lay off 7% of its workforce to cut costs

PayPal Holdings Inc (PYPL.O) said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economic slowdown.

China looking to ride Web 3.0 wave

Last October, renowned Hong Kong director and comedian Stephen Chow said in his first social media post that he is "seeking outstanding Web3 talent in the dark."

U.S. stops granting export licenses for China's Huawei: sources

The Biden administration has stopped approving licenses for U.S. companies to export most items to China's Huawei, according to people familiar with the matter.

Opinion | New Huawei move shows Biden is ultimately worse than Trump

When Trump left office and the Biden administration came into the White House, some people actually believed a nightmare was over. On the back of the January 6thcapitol riot, the ongoing presidency was portrayed as unhinged, dangerous and chaotic. Biden, as it goes, was supposed to be an adult in the room that would restore common sense and decency to America, bringing surety, stability and maturity back to politics.

China's services trade up 12.9 pct in 2022

China's services trade value grew 12.9 percent year on year in 2022, data from the Ministry of Commerce showed on Monday (Jan. 30).

China can play vital role in stimulating global growth in 2023, says UN economist

China can play a significant role in stimulating global growth in 2023, Hamid Rashid, a leading United Nations economist said in an interview after the flagship report, World Economic Situation and Prospects (WESP) 2023, was released this week.

US companies in multiple industries eager to expand in China: trade group leader

Hundreds of U.S. companies across multiple industries are eager to expand their businesses in the Chinese market, the head of a major U.S. trade group has said.
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