The Ministry of Finance announced on Wednesday that the value-added tax rate will be a flat 3 percent for many small businesses, effective July 1.
Walmart China will continue to grow hypermarkets and high-end membership format Sam's Clubs in the next three years even as it further develops its home delivery and e-commerce business in the country, top company officials said on Wednesday.
Auditors say that CIC erred in due diligence and oversight of 12 overseas projects
A group of people, wearing long, white silk clothes, practice tai chi while ancient Chinese music plays in the background as dawn breaks at Xiangshan Hill in Zhangjiagang.
Investors tied to solar power may expect big gains in the stock of Yingli Green Energy, as the world's largest solar-panel maker and supplier said it expected a profit for the current quarter after an industry shakeout and cost reductions.
China's national soccer team didn't make it to the World Cup finals, but that hasn't stopped the country's soccer fans from placing record bets on the outcome of the event.
Guangzhou, the capital of Guangdong province, plans to work closely with port cities along the Maritime Silk Road to boost trade and economic ties, as part of the city's involvement in building a modern maritime trade route.
Authorities in Guangzhou, the capital of Guangdong province, are preparing to submit a bid for UNESCO World Heritage status for the ancient Maritime Silk Road, a local official said.
Higher output of winter wheat and early-season rice will bolster China's grain output self-sufficency and allay worries over food security this year, the Ministry of Agriculture said.
Processing trade companies in the Pearl River Delta are opening overseas manufacturing bases and turning to e-commerce to escape a downturn in their traditional business.
Free trade accounts, which will enable some companies to secure cheaper yuan-denominated funding from off-shore markets, were launched on Wednesday in the China (Shanghai) Pilot Free Trade Zone.
China's overall debt stood at 142 trillion yuan ($22.7 trillion), or 245 percent of GDP, as of March 31, Standard Chartered Plc estimated.
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Raymond Zhou
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