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tertiary industry
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China's Tax Revenue up 7 Pct in Nine Months
Oct 24, 2016China collected 8.97 trillion yuan (1.33 trillion U.S. dollars) in taxes from January to September, up 7 percent year on year, the State Administration of Taxation (SAT) said Thursday. The tax revenue growth in the first nine months this ...
Tags: tax revenue, taxes
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China's Service Outsourcing Continues to Grow
Sep 27, 2016China's service outsourcing industry continued to grow in the first eight months, the Ministry of Commerce (MOC) said on Tuesday. Chinese companies agreed service outsourcing contracts worth 629 billion yuan (95 billion U.S. dollars) in ...
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China's Q1 Tax Revenue up 9.8%
Apr 21, 2016China collected 2.98 trillion yuan ($458 billion) in taxes in the first quarter of 2016, up 9.8 percent year on year, data from the State Administration of Taxation (SAT) showed on Wednesday. Tax collected from tertiary industry rose 12 ...
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China Should Be Attractive for Foreign Investors
Mar 15, 2016"We will create an investment environment that is fairer, more transparent and more predictable. China must always be a land that attracts foreign investments," said Chinese Premier Li Keqiang on March 5, in his 2016 government work report ...
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China's Startup Boom Continues
Jan 13, 2016China saw a record number of firms established in 2015 despite the slowing economy, official data showed. Chinese set up a total of 4.44 million companies last year, up 21.6 percent from a year ago, which means 12,000 new companies every ...
Tags: Chinese economy, economic slowdown
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Experts Confident About China's Service Sector Growth
Dec 22, 2015Experts 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 ...
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Power Use Signal Economic Restructuring
Oct 8, 2015China's slowing power consumption and falling railway freight are signs of progress in economic restructuring, rather than evidence of failing industry, the statistics chief said on Thursday. Power use and rail freight are two major ...
Tags: power consumption, railway freight
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China's H1 Tax Revenue up 6.3%
Jul 28, 2015China collected 5.94 trillion yuan (969 billion U.S. dollars) in taxes in the first half of this year, up 6.3 percent year on year, new data showed on Monday. The growth pace was in line with the overall economic growth in the first six ...
Tags: Tax Revenue, China economy
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Growth in China's Electricity Consumption Recovered in May But Still Remained Low
Jun 16, 2015Growth in China's electricity consumption, an important indicator of economic activity, slightly recovered in May but still remained low, suggesting persistent weakness in the world's second largest economy. Power-use rose 1.6 percent ...
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China's Q1 Tax Revenue rises 3.4%
Apr 21, 2015China collected 2.71 trillion yuan ($442.7 billion) in taxes in the first quarter of this year, up 3.4 percent year on year, new data showed on Monday. The growth pace was slower than the 9.9 percent collected in the same period of last ...
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China's Growth Declines to 7% in Q1
Apr 15, 2015China's economic growth slowed to 7 percent in the first quarter of 2015, down from 7.3 percent in the fourth quarter, the National Bureau of Statistics (NBS) announced on Wednesday. The latest figure was better than the forecasts by ...
Tags: Chinese economy, consumer prices
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China's Fixed Asset Investment Increases 13.5%
Apr 15, 2015China's fixed asset investment rose 13.5 percent from a year earlier to 7.75 trillion yuan (1.26 trillion U.S. dollars) in the first quarter of 2015, the National Bureau of Statistics said on Wednesday. The pace of increase slowed further ...
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'new Normal' Can Not Be Without Innovative Push
Feb 10, 2015Although six years have passed since the global financial crisis broke out, many countries have not yet overcome its impact with the global economy is still facing uncertainties. And given the economic slowdown, albeit slight, in China, it ...
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China to Boost Service Outsourcing Sector
Nov 26, 2014China will boost service outsourcing industry to forge a new advantage in foreign trade and offset weakening exports, the central government announced on Wednesday. China will bolster outsourcing businesses of high technology and high ...
Tags: outsourcing industry
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Xi's 'new Normal' Theory
Nov 10, 2014The "new normal" theory elaborated by Chinese President Xi Jinping would be one of the hallmarks to be engraved in history by the ongoing meetings of the Asia-Pacific Economic Cooperation (APEC) in Beijing. In his speech delivered to over ...
Tags: new normal theory, APEC
