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August, 26, 2016

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Business > Asia
China's economy, the world's second largest, struggled in July with a worse-than-expected trade performance as imports plunged 12.5 percent year-on-year, Customs said Monday.
 
In China lease case, deciding factor is Australia's national security: treasurer
Australia's treasurer said Monday that national security would be his overriding consideration when he makes a decision on whether to allow a Chinese consortium to lease a major Sydney electricity grid.
 
Cutting into profits
Migrant barbers from other parts of India attend to their Kashmiri customers inside a rented house where they stay during curfew in Srinagar, Indian controlled Kashmir, Sunday, Aug. 7. The barbers have not been able to open their shops due to protests and curfew continuing across the valley amid outrage over the killing of a top rebel leader by Indian troops in early July.
 
Taiwan Future Exchange (TAIFEX, 期交所) and six commercial banks Monday announced they will donate a combined sum of NT$26 million to local food banks, which would benefit an estimated 15,000 underprivileged households.
 
Businesses hopeful as India overhauls complex tax law
When trader Vivek Mehra buys artwork from the remote corners of India, he braces himself for a world of pain as he navigates the country's notoriously complex tax system.
 
The Ministry of Finance (MOF) on Sunday forecast positive growth for July exports, which could mark the end of the longest-ever consecutive decline in the nation's exports, surpassing that of the global financial crisis in 2008.
 
Thailand feeling effects of political uncertainty ahead of a referendum
Thailand's stagnating economy is unlikely to get much of a boost from a referendum Sunday on a new constitution proposed by the military government, which took power in a 2014 coup.
 
India's upper house of parliament on Wednesday passed a landmark tax reform bill that will pave the way for the introduction of a new national sales tax, creating a common market across the country for the first time.
 
Raising transport standards?
In this Tuesday, Aug. 2 photo released by Xinhua News Agency, people watch the Transit Elevated Bus TEB-1 as it passes vehicles, during a test run in Qinhuangdao, Hebei province.
 
Asian markets down in global retreat
Most Asian markets tumbled for a second day Wednesday, extending a global retreat, with Tokyo taking a hit from a strong yen after Japan's economy-boosting stimulus program fell flat with investors.
 
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