China's value-added tax reform is expected to be implemented across all industries next year. Business taxes in four sectors - finance, construction, property and consumer services - will be replaced by VAT. Business tax refers to a ...
Tags: VAT
Experts believe that China's service industry will keep up high growth levels in the next few years. Liu Yuanchun, a dean at Renmin University of China, predicts an 8-percent growth rate for the sector. "There is no problem for China to ...
To improve its free trade areas (FTAs) China will step up cooperation with neighboring countries and improve the support and evaluation systems, according to guidelines published by the State Council on Thursday. By speeding up FTA ...
China's State Council on Thursday released guidelines on accelerating implementation of its free trade agreement (FTA) strategy, with an aim to gradually foster a global free trade network. The guidelines specified that the near-term goal ...
Call it a tale of two sectors -- China's slipping manufacturing and flourishing service sector have defined the country's economy. The Chinese economy is undergoing heavy restructuring as it slowed to a six-year low of 6.9 percent in the ...
Tags: economy, service sector, manufacturing
China's power use, a key barometer of economic activity, ended a two-month falling streak in November by edging up 0.6 percent from one year earlier as the economy showed signs of stabilization, according to data released Wednesday. ...
Tags: Electricity, Power, economy
With the approval of the State Council, Vice Minister of Commerce Wang Shouwen and Director of the Department of Finance of Hong Kong Special Administration Region Government John Tsang Chun-wah signed Mainland and Hong Kong Closer Economic ...
Tags: CEPA, Hong Kong, Trade in Services
With the approval of the State Council, vice Minister of Commerce Wang Shouwen and Secretary for Administration and Justice of Macao Special Administration Region Government Leong Vai Tac signed Mainland and Macao Closer Economic ...
Tags: CEPA, liberalization, trade in services, Macao
As demand for exports continues to slip and the real estate sector cools, China expects consumption and the service sector to help pick slack. The nationwide shopping spree on Single's Day (Nov. 11) offered solid proof of the spending ...
In January-September 2015, the foreign investment in China maintained sound momentum, forming a sharp contrast with the decline of the global cross-border direct investment, which is closely related to China’s comprehensively ...
In January-October 2015, the foreign investment in China maintained the sound momentum of the first three quarters. Official from the Department of Foreign Investment Administration of MOFCOM pointed out that the foreign investment in China ...
Tags: foreign investment
The 11thseminar of the series of seminars called the “Brilliant 12th Five Year” was held on October 19 in Beijing. Our Journalist interviewed the reporter, China International Trade Representative and Vice Minister of Commerce ...
China will continue to support the inclusion of the RMB in the IMF Special Drawing Right (SDR) basket and push ahead with capital account liberalization and the internationalization of RMB, according to a proposal unveiled Tuesday. The ...
Tags: Capital Market, CPC
China will coordinate different economic indicators during the next five years to make development more balanced, inclusive and sustainable than before, a latest official document showed. To ensure the realization of a "moderately ...
Against the backdrop of a severe international investment environment, great difficulties and challenges from the downward pressure of the domestic economy, China’s overall absorption of FDI remained stable in 2014, with the quality ...
Tags: FDI, foreign investment, liberalization of trade in service