Reformof tax systemwith B2V will result in winners and losers

Editor's note: China Daily is publishing a series of stories on the impact of the country's fiscal system reform. In the last issue we discussed how the central government will shoulder larger responsibilities. The second article discusses how the burden may also fall on companies, which will face heavier tax payments.

Program's graduates will 'serve the people'

New degree aims to help restore the tarnished public image of charities

BASF Kids' Lab aims to inspire curiosity of budding scientists

Children on their summer vacations can have fun with chemistry and learn about natural sciences through interactive experiments at the BASF Kids' Lab program, which runs through Aug 3, at the China Science & Technology Museum.

Cultural exchange builds bilateral bridge between China, US

Last summer, Guo Chao, a 25-year-old material science and engineering doctoral candidate at Tsinghua University, traveled abroad for the first time thanks to the "Rainbow Bridge" Chinese-American Students Cultural Exchange Program.

IN BRIEF (Page 18)

Ministry urges 'prudent' US stance in solar rows

Company executive says latest ruling on duties is 'worse than expected'

Game on for Tencent, JD to sell Xbox Ones

Tencent Holdings Ltd teamed up with online retailer JD.com Inc to take pre-orders for Microsoft Corp's Xbox One on Monday, the first legal sale in 14 years of a major game console on the Chinese mainland.

Microsoft 'being probed'

Government officials' sudden visits on Monday to Microsoft Corp offices were likely the start of a monopoly probe, an analyst said.

China's FDI in US set for increase

Economic changes in China have set up the world's second-largest economy for a "structural increase" of foreign direct investment in a broad range of industries in the United States over the next decade, according to a director at a New York-based global research and advisory firm.

IFE Elevator lifts expansion outlook

Manufacturing company's business strategy presses the button for overseas venture, report Li Wenfang in Dongguan, Guangdong, and Lyu Chang in Beijing.

What's news

Industrial firms' profits up 11.4%in first half, NBS says

Slower economic growth results in less air pollution

Slower economic expansion in the first half of 2014 has helped some regions in China perform better in fulfilling goals for energy saving and cutting emissions, according to a report released by the National Development and Reform Commission on Monday.