Yang Youlin, a former Nanjing economic development official, has been sentenced to death by a Chinese court for accepting over 2.21 billion yuan ($325 million) in bribes and other corruption charges. The sentence includes asset confiscation and recovery of illicit funds.
India's Goods and Services Tax (GST), rolled out in 2017, has significantly expanded the taxpayer base from 66.5 lakh to 1.65 crore, reflecting economic formalization. It has streamlined indirect taxation, digitized administration, and reshaped business operations and supply chains, leading to greater transparency and efficiency.
China's private jet market is stabilizing after a significant decrease in aircraft ownership since Covid-19. An aviation services firm suggests that most cash-strapped owners have sold their assets, with demand shifting across industries like tech and automotive, while real estate has pulled back.
China's CSRC is investigating Tiger Brokers, Futu Securities, and Changqiao Securities for illegally operating securities businesses in mainland China without approval, including marketing, processing trades, and selling public funds. Penalties may include confiscation of illegal gains.
