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
The western portion of the world's first high-speed railway loop around an island is set to be put to use on December 30th in south China's Hainan. The eastern portion of the line was completed previously, meaning passengers will be able ...
Tags: High-Speed Railway
The World Robot Conference 2015 is set to close in Beijing on this Wednesday. During the three-day expo, China has been encouraging overseas robotics companies to share technologies with China-based vendors. Meantime, China is ...
Tags: Robot Industry
China is set to stop construction of public rental houses and renovate 6 million run-down urban houses in 2016. The program is a crucial way of providing low-income urban residents with affordable housing. Minister of Housing and ...
Tags: Renovate, Run-down Houses
Deutsche Bank has agreed to sell its 20-percent stake in China's Hua Xia Bank to PICC Property and Casualty Co. for over 3.3 billion US dollars. Germany's biggest lender says the completion of the transaction will be subject to customary ...
Tags: Deutsche Bank, Hua Xia Stake
More details have been revealed about a price fixing case which involves eight international ocean freight shipping companies operating in China. The companies include Japan's NYK Line and "K" Line, and Chile's CSAV. The eight companies ...
Tags: Shipping Companies, Price Fixing
Air China has announced the opening of the first direct flight from Beijing to Cuba's capital Havana. The flight shortens the travelling time between the two cities from 20 hours to 16. He Zhigang is the marketing director of Air China ...
Tags: Air China, First Direct Flight
China's new counter-terrorism law has made it legal for the People's Liberation Army (PLA) to participate in counterterror missions overseas. The PLA and the country's armed police forces may carry out such operations with the approval ...
Huawei Marine Networks is looking to construct a Cameroon-Brazil Cable System (CBCS), connecting Africa to Latin America. The project is invested by CamTel, China Unicom and Telefónica, who will support the initiative by providing ...
Chinese tech companies are making good on President Xi Jinping's promise that China will provide investment and technical support to expand Internet access in developing countries. They are busy advertising international projects and ...
Tags: China's Race
A ground data center that will support China's independent satellite navigation system was given the go-ahead Friday to offer location based services (LBS). Located in central China's Henan Province, the center features 63 data stations ...
Insiders are predicting an increasing in the number of Chinese tourists visiting the United States next year, partly due to the easing of restrictions on Chinese citizens acquiring tourist visas. 2016 is also the China-US tourism year, as ...
Tags: Chinese Tourists, Travel
Chinese stocks posted gains on Friday as market sentiment was boosted by a strong transportation sector. The benchmark Shanghai Composite Index rose 0.43 percent to close at 3,627.91 points. The smaller Shenzhen index gained 0.37 percent ...
Tags: Shares, Transportation Sector
Profit declines for China's state-owned enterprises (SOEs) continued but narrowed in November, the Ministry of Finance (MOF) said Friday. China's non-financial SOEs raked in 2 trillion yuan (309.1 billion U.S. dollars) in profits from ...
Tags: State Companies, Profitability
The China-proposed Asian Infrastructure Investment Bank (AIIB) was formally established Friday. Expectations are high for the new global multilateral financial institution, which will operate in an open, fair and efficient manner, AIIB's ...