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Amended rules on personal income tax became effective on Thursday meaning that about 60 million Chinese will not be taxed on what they earn going forward.
Property prices in China's first-tier cities declined 0.41 percent in August, the first month-on-month drop since September 2010, statistics released on Thursday by the China Index Academy show.
Financing difficulties, rising costs, and labor shortages have left China's small- and medium-sized enterprises (SMEs) with severe survival predicaments this year, said economic experts at an economic forum.
China's economic growth has been a source of strength in the crisis, but the nation also needs structural changes to stave off a "middle income trap", World Bank President Robert Zoellick said Thursday.
Experts welcomed China's appeal of a ruling by the World Trade Organization (WTO) claiming that the nation imposed restrictions on exports of nine raw materials, saying the move helps protect local industry.
The country's environmental watchdog will suspend reviews of all new industrial projects in Qujing, Southwest China's Yunnan province, until the city cleans up its toxic chromium slag and remedies polluted soils, a senior official said on Thursday.
Slowing food prices may lower China's Consumer Price Index (CPI) in August and decrease the possibility of a benchmark interest rate hike in September, Economic Information Daily reported citing analysts on Sept 1.
China will speed up opening up of its inland regions to the outside world and give full play to Xinjiang's role in the opening up to neighboring countries.
Macao recorded a trade deficit of 4.96 billion patacas ($620 million) in July, as merchandise import soared by 46.3 percent year-on-year, according to the figures released on Wednesday by the city's Statistics and Census Service (DSEC).
Hong Kong's total assets of the Exchange Fund went up HK$57.8 billion ($7.4 billion) in July, bringing the balance to HK$2.491 trillion by the end of the month, according to figures released by the Monetary Authority on Wednesday.
World Bank Group President Robert B. Zoellick will visit China from Sept 1-5 to discuss China's key medium-term challenges, the bank said on its website.
Profits gained by China's centrally-administrated State-owned enterprises (SOEs) came at a slower rate in the first seven months of this year, according to a State Council meeting presided by Premier Wen Jiabao on Wednesday.
