The government will cut business taxes and administrative fees at a faster pace to ease the burden on the nation's enterprises, according to a State Council executive meeting presided by Premier Li Keqiang on Friday.
Philippine tour operators are optimistic that more than 1 million Chinese tourists will travel to the nation this year, due to a relaxed visa policy, the opening of new hotels and possibly more flights.
China dismissed on Friday media reports that an X-band radar unit, part of a controversial US anti-missile system, has arrived in the Republic of Korea and urged that its deployment be immediately halted.
China and Saudi Arabia signed 14 agreements and memorandums of understanding on Thursday to deepen cooperation in such areas as energy, investment, finance, culture and aerospace.
Ancient stone tablets and pottery were a cultural highlight on Thursday for Saudi Arabian King Salman bin Abdulaziz al-Saud during his visit to Beijing.
A 13th-century classical Chinese scroll painting fetched $49 million from an anonymous bidder at a New York auction on Wednesday.
THE HAGUE - The Netherlands has rejected "the wrong kind of populism", Dutch Prime Minister Mark Rutte said on Wednesday after exit polls in the parliamentary election showed his center-right People's Party for Freedom and Democracy, known as VVD, would keep its position as the biggest party.
The central bank's move to raise short-term interest rates on Thursday reflects Beijing's intention to fend off financial risks, a method that might be used more in the future rather than increasing benchmark interest rates, according to economists.
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Raymond Zhou
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