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Lou Jiwei
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China Struggling to Meet Fiscal Target
Jun 30, 2016The Chinese government is struggling to meet its annual fiscal targets, finance minister Lou Jiwei warned Wednesday. The central treasury received 2.968 trillion yuan (about 446.4 billion U.S. dollars) from January to May, a year-on-year ...
Tags: fiscal targets
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Structural Reform to Power China's Stable Growth
Jan 3, 2016The supply-side structural reform to improve all-factor productivity will help China gather future growth steam, according to the country's finance minister. Despite heavy downward economic pressure, the Chinese economy is still resilient ...
Tags: Structural Reform, capital inputs
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AIIB Formally Established in Beijing
Dec 28, 2015The China-initiated Asian Infrastructure Investment Bank (AIIB), a complement to existing international financial system, was formally established Friday in Beijing and expected to start operation early next year. "The AIIB is legally ...
Tags: AIIB
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Minister of Commerce Addresses Seminar on 20th Anniversary of Cooperation between China, OECD
Oct 22, 2015A seminar on the 20th anniversary of cooperation between China and the OECD was held in Beijing on the afternoon of March 19. Vice Premier Wang Yang attended the seminar and delivered a keynote speech. Minister of Commerce Gao Hucheng also ...
Tags: OECD, global economic
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Chinese Government Is Struggling to Meet Its Fiscal Targets This Year
Jun 28, 2015The Chinese government is struggling to meet its fiscal targets this year, finance minister Lou Jiwei warned on Sunday, citing slowing fiscal revenue growth. The central treasury received 2.95 trillion yuan (about 475 billion U.S. ...
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Chinese Government Is Considering Reform of The Individual Income Tax System This Year
Jun 28, 2015The Chinese government is considering reform of the individual income tax system this year, finance minister Lou Jiwei said Sunday. China grossed 443 billion yuan (71 billion U.S. dollars) in 2014 from individual income tax, 3.2 percent ...
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Chinese Iron Ore Industry Worried About a Further Collapse in Prices
Sep 24, 2014The iron ore industry is worried about a further collapse in prices as the Chinese government has signaled it is abandoning its aggressive policy stimulus to boost economic growth, according to media reports. China's Finance Minister Lou ...
Tags: Iron Ore, industrial output
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China Is Not Planning Any New Stimulus Measures
Aug 15, 2014BEIJING (AP) — China’s finance minister said Wednesday that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy. Lou Jiwei said that leaders are satisfied with ...
Tags: China, Electrical, Electronics
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China Plans to Discontinue Its Cotton and Soybean Purchasing and Storage Mechanism
Jan 2, 2014China plans to discontinue its cotton and soybean purchasing and storage mechanism soon and offer direct subsidies to farmers instead, according to the Xinhua News Agency. Finance Minister Lou Jiwei said that the Chinese government will ...
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Less Tax for Small Businesses and More Financial Support for Local Government Are Taking
Oct 14, 2013Less tax for small businesses and more financial support for local government are on the cards as the Chinese leadership considers to start reforming the fiscal system. On August 1, the turnover tax was replaced by a value-added tax (VAT) ...
Tags: Fiscal Reform
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China Investment Has Been The Most Representative Face of Chinese Investment in Europe
Oct 7, 2013Although there is no firm yardstick to gauge its real impact, China Investment Corp has in many ways been the most representative face of Chinese investment in Europe. Apart from its regular activities such as equity and other investments, ...
Tags: Sovereign Wealth Fund, economy, China
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Australian Dollar Has Recovered From a Fall Sparked by Comments
Jul 19, 2013The Australian dollar has recovered from a fall sparked by comments from the Chinese finance minister who said China was unlikely to receive a massive stimulus this year. At 6.30am AEST the local unit was trading at 91.69 US cents, up ...
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Australian Dollar Falls as Second Biggest Economy Is Unlikely to Receive Massive Stimulus
Jul 18, 2013The Australian dollar has fallen after China's finance minister Lou Jiwei said the world's second biggest economy would be unlikely to receive a massive stimulus this year. At 1700 AEST on Thursday, the local unit was buying 91.52 US ...
Tags: Australian dollar, Lou Jiwei
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Australian Dollar Is Lower Despite Modest Bounce From China's Economic Growth Figures
Jul 16, 2013THE Australian dollar is lower today despite a modest bounce from China's latest economic growth figures. At 5pm, the local unit was trading at 90.87 US cents, down from 91.67 cents on Friday. The Australian dollar briefly dropped below ...
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Strength in The Resources Sector Has Pushed Australian Shares Higher
Jul 15, 2013Strength in the resources sector has pushed Australian shares higher, although the market lost some ground after China's finance minister lowered expectations for the country's economic growth. The S&P/ASX200 index passed 5000 points in ...
Tags: China Gloom, Miners