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Date:2012/02/27
China will maintain its existing business tax incentives and gradually digest changes caused by value added tax (VAT) reform, senior tax officials said on Friday.
The current reduction in the sales tax will continue after the levy is replaced by the...
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Date:2012/02/28
Chinese banks should make financial innovations that can meet the needs of the country's real economy, the country's banking regulator said Monday.
The China Banking Regulatory Commission (CBRC) said in a statement posted on its website th...
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Date:2012/02/27
China will continue to face a tight power supply this year due to increasing demand and stagnant growth in new power plants, according to an electrical power industry association.
The nation will face a possible shortfall of 30-40 million kilowatts ...
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Date:2012/02/27
The Chinese currency Renminbi, or the yuan, weakened against the U.S. dollar Monday.
The central parity rate of the yuan weakened by 20 basis points to stand at 6.2985 against the U.S. dollar on Monday, according to the China Foreign Exchange Tradin...
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Date:2012/02/27
Chinese stocks opened higher Monday, with the benchmark Shanghai Composite Index up 0.32 percent, or 7.78 points, to open at 2,447.41.
The Shenzhen Component Index opened at 10,157.18, up 0.33 percent, or 33.03 points.
Source: Xinhua
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Date:2012/02/27
According to Liu Zhenjiang, an official from CISA, in order to cope with Chinese iron ore import problems, China iron ore association will carry out four measures to curb the domestic iron ore market.
Firstly, in order to cultivate a healthy iron ore...
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Date:2012/02/23
China plans to play a dominant role in establishing a huge shopping center in Cancun, Mexico, to promote bilateral trade between the two countries, industry sources said on Wednesday.
Investment in the project, to be called "Cancun Dragon Mart", is e...
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Date:2012/02/24
Thirty-one provinces have announced their GDP growth targets for 2012 and only Hainan province set a higher growth rate than last year, the Beijing News reported on Thursday.
Some provinces set the target much lower than 2011. For example, the ...
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Date:2012/02/23
China's industrial activity rebounded to a four-month high in February but is still contracting amidst the ongoing eurozone debt crisis, according to preliminary data.
In response, experts said they expect China to adopt further eas...
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Date:2012/02/22
The World Bank said on Tuesday its President Robert Zoellick will visit China from Feb 26 to 28 to help present a major joint report about China's economic opportunities and challenges for the years ahead.
The report, jointly prepared by ...
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Date:2012/02/24
China recorded $3.1 billion of "hot money" outflow in 2011 after adjusted by $40 billion of cross-border net payment, the State Administration of Foreign Exchange (SAFE) said on Thursday.
The outflow of speculative funds, or "hot money," from China ...
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Date:2012/02/23
Visiting Chinese Vice President Xi Jinping called here on Wednesday for more efforts in boosting trade and economic cooperation between China and Turkey.
Xi made the call when addressing a Sino-Turkish business forum in Istanbul. This is the final m...
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Date:2012/02/22
China and Turkey, two of the world's fastest growing major economies, will increase trade and cooperation, Vice-President Xi Jinping said as he began an official trip to Ankara.
"In today's complex and changing international situatio...
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Date:2012/02/24
China plans to accelerate geological exploration and survey work for oil and natural gas to ease its rising reliance on energy imports, the Ministry of Land and Resources said on Thursday.
The ministry is drawing up strategies to achieve breakt...
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Date:2012/02/23
China will continue to implement a proactive fiscal policy this year amid complicated economic environments both at home and abroad, Minister of Finance Xie Xuren said Wednesday.
In an article published on the ministry's website, Xie emphasized...
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Date:2012/02/22
According to the National Development and Reform Commission, the 12th Five-Year Plan (2011-2015) for Western Development has been officially proved by the State Council, Securities Daily reported on Tuesday.
The plan set the goals for the development...
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Date:2012/02/24
China will develop rare-earth-based new materials during the 2011-2015 period, in an effort to boost manufacturing capacity, according to a five-year plan for the new materials industry released on Wednesday.
The government will "make full use of it...
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Date:2012/02/23
Chinese stocks opened lower Thursday, with the benchmark Shanghai Composite Index down 0.08 percent to open at 2,401.74.
The Shenzhen Component Index opened at 9,859.43, down 0.03 percent.
Source: Xinhua
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Date:2012/02/22
A proposed development project in Ireland may soon change the way Chinese products are brought to Europe.
The project, known as the Europe China Trading Hub, will provide space for Chinese manufacturers and traders to display their products to...
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Date:2012/02/24
The Chinese currency Renminbi, or the yuan, strengthened 66 basis points to 6.2965 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to ...