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Chamber of Deputies Approves IMU Exemption for Italians Abroad
The Chamber of Deputies approved in the first reading the bill that eliminates the IMU (Municipal Property Tax) on a primary home (not rented out) owned in Italy by Italians registered with AIRE (Register of Italians Resident Abroad) in small towns. The text - Amendments to Article 1, paragraph 741, of Law no. 160 of December 27, 2019, regarding the equalization of the tax regime for the application of the municipal property tax on properties owned in the national territory b


Philippines Trade Trends October 2025
According to preliminary data released by the Philippine Statistics Authority (PSA), the country’s international trade in goods reached USD 18.6 billion in October 2025, an annual increase of 2.3 per cent, with exports growing by 19.4 per cent year-on-year and imports registering a 6.5 per cent decline. From January to October 2025, total exports amounted to USD 70.4 billion, up 13.8 per cent on an annual basis. Imports for the same period reached USD 111.7 billion, marking a


Vietnam’s PMI November 2025
According to the latest report by S&P Global Market Intelligence, Vietnam’s manufacturing Purchasing Manager’s Index (PMI) reached 53.8 in November 2025, above the 50-point threshold that separates growth from contraction. The index indicated a continued improvement in Vietnam’s manufacturing sector, marking the strongest expansion in over a year. New orders increased for the third consecutive month, supporting production growth, although the pace was slightly slower than in


Artificial Intelligence in China 12 Dec
We are pleased to inform you about the webinar "Artificial Intelligence in China – Developments in Industrial Automation and Green Technologies", held on December 12. The webinar will explore key themes including the fundamentals of Artificial Intelligence, current macroeconomic dynamics in China, sector-specific developments in industrial and green technologies, and the legal considerations for managing contractual relationships with Chinese counterparts. The session will al


China’s PMI November 2025
According to data from the National Bureau of Statistics, China’s composite Purchasing Managers' Index (PMI), which includes both manufacturing and non-manufacturing activities, was recorded at 49.7 in November, below the threshold between expansion and contraction. China’s non-manufacturing PMI, which has been supporting the economic recovery so far, stood at 49.5 in Novemebr, while the manufacturing PMI came in at 49.2 points. Several key indicators of the Chinese economy,


Italy–China Trade by Region
A geographical reading of ISTAT’s 2024 data shows how trade between Italy and China remains strongly shaped by regional dynamics. In 2024, Italy’s goods exchange with China reached €67.4 billion, consisting of €52.1 billion in imports and €15.3 billion in exports. The North-West remained the main hub for Italy–China trade, with €29.9 billion in total flows. Lombardy alone accounted for €24.3 billion, confirming its role as the country’s industrial and logistical core. The Nor
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