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Finance Ministry
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Double-Digit Market Growth Forecast for 2016
Dec 20, 2016Fueled by the favorable policy for small engine cars and people's enthusiasm for SUVs, China's automotive market is set for double-digit growth this year. Statistics from the China Association of Automobile Manufacturers show a record ...
Tags: small engine cars, SUV
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Electric Car Market Yet to Mature
Dec 14, 2016Govt incentives remain the primary driver of the industry, rather than organic demand or products' competitiveness Electric cars are widely believed to be the future of the automotive industry, but experts say even in the world's largest ...
Tags: Electric Car, SAIC Motor
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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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China to Replace Subsidy with Reward to Underpin PPP Projects
Dec 22, 2015In a bid to support public-private partnership projects, China will provide rewards instead of subsidies in a pilot scheme starting from next year. The Ministry of Finance said private partners in the PPP demonstration projects will be ...
Tags: PPP Projects, China
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India-Singapore FTA to Have Limited Impact on Polyethylene Initially
Dec 2, 2015Polyethylene shipments from Singapore to India are expected to pick up in the long term following a free trade agreement taking effect December 1, sources said Friday. But sources in both markets do not expect this to have much impact ...
Tags: Polyethylene, Polymer, LLDPE plant
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China Regional Development - Big Plan, a Little Fuzzy
Jun 5, 2015FROM the damming and diverting of mighty rivers to the building of huge new cities from the ground up, China's government does not shy away from grand schemes. The Communist Party's highest decision-making body has now signed off on another ...
Tags: China, Regional Development, Economy Policy
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China Slashes Import Duty on Consumer Goods
May 28, 2015China is to reduce import taxes by more than 50 per cent on some consumer goods, including apparel, in a bid to encourage an increase in domestic spending, according to media reports. The Chinese finance ministry has said that it will ...
Tags: Import Duty, Consumer Goods
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China to Boost Local Bond Market
May 14, 2015China is set to boost local debt swap by admitting municipal bonds as collateral for borrowing. Under the new rule, banks can pledge municipal bonds as collaterals in the central bank's repurchase agreement operations and other liquidity ...
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Exporters Interest Subvention Scheme
Apr 7, 2015Exporters from select labour intensive sectors will be able to access cheaper credit soon as the government prepares to reintroduce an interest subvention scheme in the next couple of months, according to media reports. “The ...
Tags: select labour intensive sectors, interest subvention scheme, Textile
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Indian Footwear Trade Body Requested to Reduce The High Excise Duties Imposed on Footwear
Mar 19, 2015An Indian footwear trade body has requested finance minister Arun Jaitley to reduce the high excise duties imposed on non-leather footwear in the latest Union Budget. The All India Footwear Manufacturers and Retailers Association (AIFMRA) ...
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Japanese Business Leaders Touting 'made in Japan' Labels Once Again
Jan 20, 2015Japanese business leaders once again are touting “made in Japan” labels, promising to return production from overseas to take advantage of the yen’s sharp drop, which has reduced the once sky-high cost of manufacturing ...
Tags: labels, trade deficit, exports, Electrical
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TEA Asked for Investment Allowance,Withdrawal of AMT,Refixing of TDS and Wealth Tax Limit
Jan 19, 2015In its pre-budget memorandum, the Tirupur Exporters’ Association (TEA) among many demands has asked for extension of rupee export credit at 3 per cent interest rate subvention, import of specialty fabric using export performance ...
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China to Reduce Import Tariffs of Camera Lenses in 2015
Dec 18, 2014The Finance Ministry announced it would lower import tariffs on some goods including camera lens from January 1 to support industrial development and to refine the trade mix. The ministry said applocable imports included manufacturing ...
Tags: Import Tariffs, Camera Lenses
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China's Lottery Sales Reached 32b Yuan
Dec 17, 2014China's lottery sales in October hit 32.7 billion yuan ($5.34 billion), up 20.3 percent year on year, the Finance Ministry said Thursday. In the first ten months of 2014, total lottery sales stood at 312.11 billion yuan, up 24 percent from ...
Tags: China's Lottery, lottery sales
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Indian Finance Ministry Should Review Its Budget Proposal to Increase The Royalty Rate
Aug 13, 2014On July 22, the Indian industry body ASSOCHAM has suggested the Indian Finance Ministry should review its budget proposal to increase the royalty rate on iron ore from 10 percent to 15 percent with a view to maintaining cost competitiveness ...
Tags: iron ore, domestic industry, Mineral