Leading Chinese e-commerce companies said they won't increase the prices of imported items in the short term, though a new policy, which took effect on Friday, raised tax rates on popular items such as food and baby products.
The government is mapping out plans to use the Internet to lower logistics and distribution costs and promote e-commerce in rural areas, a top official said on Friday.
Zhejiang RealTime Technology Co Ltd, a Chinese Internet of Things developer, is investing 2 billion yuan ($309 million) in a new platform to help factories improve their efficiency.
Fears that a selling ban imposed on major shareholders of listed companies will expire soon are unfounded, an analyst said as the Chinese stock market declined for a third day on Friday.
China Quanjude Group, a State-owned restaurant chain that has been serving traditional Peking roast duck since 1864, is reported to be planning corporate restructuring, which could include a potential changing of its name to "China Beijing first meal".
A committee of Taiwan's legislature on Wednesday revoked legislation that prevents extremists from putting pro-independence stickers on island-issued "passports". A meaningless and unnecessary political gimmick that only further poisons trust across the Taiwan Straits.
The China Banking Regulatory Commission recently issued a series of specific requirements aimed at further strengthening the overseas risk management of Chinese financial institutions.
CHINA IS RAISING the tax on retail goods imported by e-commerce organizations by a large margin from Apr 8. Beijing News commented on Thursday:
LAST SEPTEMBER, police in Shanghai municipality found that several suspects produced over 17,000 tubs of counterfeit milk powder bearing the labels of well-known domestic brands, which were sold in seven provinces and municipalities.
THE PERSONAL information of more than 200,000 infants and children aged from 1 to 5 years can be bought at the price of only 32,000 yuan ($4,920) in Jinan, capital of Shandong province in East China.
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Raymond Zhou
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Chen Weihua
