Global

Policy & Legal Updates

Report Compares Tax Rates and Public Benefits Across UAE, China, and Globally

A comparative overview by lovemoney examines personal and commercial tax burdens alongside public services across 25 countries, including the UAE and China. The UAE levies no personal income, capital gains, or inheritance taxes with a 5% VAT, while China imposes income tax brackets between 3% and 45% alongside compulsory social security. Public service provisions differ sharply, from free basic education in China to private healthcare requirements for UAE expatriates.

China–UAE News

Linklogis Partners with XRP Ledger for Blockchain Supply Chain Finance

Chinese supply chain finance platform Linklogis has announced a partnership with XRP Ledger to deploy blockchain-based trade finance applications. The initiative aims to facilitate faster cross-border settlements using stablecoins and tokenized real-world assets. Linklogis handled over $2.8 billion in cross-border assets through its programs last year.

Industry News

Chinese EV Makers Leapmotor, Nio, and Xpeng Reach Profitability

Several Chinese electric vehicle manufacturers have reported their first annual or quarterly profits, demonstrating growing financial viability amid domestic price competition. Leapmotor posted a 2025 full-year profit of $78 million, while Nio and Xpeng generated positive fourth-quarter earnings. The companies join BYD, Li Auto, and Xiaomi among Chinese new energy vehicle makers with positive cash flow.

Industry News

IRENA Chief in Abu Dhabi Highlights China’s Role in Global Energy Transition

In an interview in Abu Dhabi, International Renewable Energy Agency (IRENA) Director-General Francesco La Camera said China has made critical contributions to global energy transition and emissions reduction. He cited China's role in lowering the cost of solar panels, wind turbine components, and batteries through expanded manufacturing and technological advancement. La Camera also highlighted China's domestic photovoltaic expansion, which surpassed coal-fired capacity by the end of July.