Category: Economy

  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…

  BEIJING – The profit growth of Chinese industrial companies has slowed after the government tightened credit to curb inflation and prevent asset bubbles. Net income rose 27.9 percent in the first five months from…

Shanghai and Shenzhen A-shares ended on gains on Monday for the fifth trading day in a row, with the benchmark Shanghai Composite Index up 12.02 points, or 0.44 percent, to close at 2,758.23, and the…

  As of the end of last month, China had 714,000 3G base stations, of which 214,000 were built and run by China Mobile, 226,000 by China Telecom and 274,000 by China Unicom, according to…

BEIJING – Chinese officials have denied adopting a looser national standard of milk quality and claim to be developing grading levels for raw milk to guide the production of differentiated products. In response to recent…

  BEIJING — China announced the size of its local governments’ debts for the first time on Monday, which experts said will ease concerns over systemic financial risks.  Liu Jiayi, the auditor-general of the National…

  Reduction to boost domestic consumption, say experts  BEIJING – Reducing import duty on luxury goods is only “a matter of time” as key ministries have reached general agreement on the issue, Yao Jian, Ministry…

China’s Ministry of Finance said Friday that the country will cut or completely eliminate tariffs on 33 commodities, ranging from fuel to textiles. Import tariffs on gasoline and fuel oil will both be lowered to…

  NDRC: Inflation under control despite concern  BEIJING – Inflation in June may exceed last month’s 34-month high but will be under control in the second half of the year, the nation’s top planning agency…