Taxpayers who improved the interior portion of a nonresidential building after 2017 were promised an immediate deduction of those costs. Due to a mistake in the Tax Cuts and Jobs Act, however, those costs are currently required to be depreciated over 39 years. Might a fix be on the way? (Forbes Real Time) More
Beijing tries to talk up yuan value as trade war hits exchange rate South China Morning Post
Head of the State Administration of Foreign Exchange says will keep the yuan stable at a 'reasonable and balanced level', despite tariff pressure.
Posted on 20 May 2019 | 4:15 am | Google News
China April economic growth slows sharply before new US tariffs hit South China Morning Post
Industrial production growth – the output of the industrial sectors in China's economy, including manufacturing – fell to 5.4 per cent in April from 8.5 per cent in ...
Posted on 16 May 2019 | 8:31 pm | Google News
Stocks Blog: Shanghai, Hong post gains; Tencent tumbles South China Morning Post
Tencent drops 2.2 per cent, but HSBC Global Research gives its shares a big thumbs up.
Posted on 15 May 2019 | 8:12 pm | Google News
‘All false and fake’: China responds to Trump’s trade war claims South China Morning Post
Beijing has 'full confidence' in its economy, which has continued to expand despite Washington's protectionist measures, foreign ministry says.
Posted on 15 May 2019 | 10:00 am | Google News
Trade war to hit high-end US fashion brands dependent on specialised Chinese manufacturing South China Morning Post
US clothing brands will be hit hard by proposed new US tariffs because of their increasing dependence on China for high-end apparel production.
Posted on 15 May 2019 | 5:41 am | Google News
Currency traders poised to pounce on weaker yuan South China Morning Post
Beijing is expected to tolerate a weaker yuan to help exporters offset the effect of higher US tariffs, although the yuan-to-dollar slide should be modest.
Posted on 14 May 2019 | 1:00 am | Google News
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