BEIJING – The monthly personal income tax threshold will be raised to 3,500 yuan ($540) from 2,000 yuan, providing a bonus to wage earners with a larger than expected tax cut. The National People’s…
Category: Economy
The market value of China’s A-share market accumulatively shrank by 903.2 billion yuan ($139.6 billion) in the first half of this year, China Securities Journal reported Wednesday. The Small- and Medium- Enterprises (SME) and Growth…
BEIJING — The China Banking Regulatory Commission (CBRC), the nation’s banking regulator, on Wednesday moved to solicit opinions on wealth investment management, with clauses aiming to protect investors’ interests. According to a statement on…
BEIJING — An online retailer in Central China’s Wuhan was ordered Tuesday to pay 4.3 million yuan ($665,830) in taxes, the first such case disclosed in China. Sales revenue of the Wuhan-based women’s clothing…
Domestic commodities markets caught their breath on Tuesday after a plunge in international markets and concern over an interest rate hike sent futures plummeting Monday. Base metals and agricultural commodities were steady on China futures…
A Wuhan-based online store selling female attire on China’s largest auction site recently paid more than 4.3 million yuan ($660,000) in taxes to the authorities, the first time a local government has levied tax on…
Beijing is building a 10 billion yuan ($1.55 billion) fund to splurge on 42 small towns in the city’s outskirts, authorities announced on Tuesday. The capital would pick 42 out of 182 small towns…
Although the Chinese economy is slowing down, “soft landing is more likely,” said economists from Bank of America Merrill Lynch on Tuesday. “Slowdown in China is a good thing right now. China needs to…
BEIJING — The regulator of China’s state-owned assets on Monday announced new measures to supervise assets owned by centrally-administered State-owned enterprises (SOEs) overseas amid “increasing complexities.” The measures, unveiled by the State-owned Assets Supervision and…
BEIJING – The Ministry of Finance seems determined to stick with its proposed personal income tax threshold, despite repeated calls from the public to raise the minimum level and reduce the tax burden amid…