Individual income tax threshold must be raised first to propel overall reform

THE STANDING COMMITTEE of the National People's Congress, China's top legislature, recently reviewed this year's budget enforcement report by the State Council, the country's Cabinet, which says individual income tax grew 18.5 percent from January to July compared with 10 percent growth in people's incomes. Beijing News comments:

Beware of genetic technology claims

"SEND US 2 ML SALIVA of your child and we will analyze his/her potential via DNA tests." That's a common sentence in the advertisements of many genetic testing companies, which have been doing brisk business of late. But people should be wary of such ads, says Workers' Daily:

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Brazil unit helps CTG go greener

China Three Gorges Corporation, the world's largest hydropower producer, is stepping up efforts to make its Brazilian subsidiary a top-tier clean energy generator.

KFC gives fast food digital face

Yum China Holdings Inc, operator of 5,300 KFC restaurants across China, introduced its first facial-recognition ordering kiosks in a concept store named KPRO in Hangzhou featuring low-calorie menus.

Caterpillar China reaches milestone

The China arm of Caterpillar Inc, the US-based maker of construction and mining equipment, as well as engines, has reached the sales milestone of 20,000 units of mini hydraulic excavators, and is ready to expand its capacity to better serve both the bullish local market and some overseas markets.

Sunac to slow pace of land buying

Sunac China Holdings will slow the pace in acquiring land as part of its efforts to reduce its debt level, the company's management said on Friday.

IN BRIEF (Page 11)

BYD powers into monorail business

Carmaker is confident of earning 30 billion yuan in revenue from the new sector next year

Banks' 2016 revenue growth down

The combined revenue of 37 listed Chinese banks in 2016 was 4.12 trillion yuan ($627 billion), representing 1.35 percent year-on-year growth, according to new research released on Friday in Shanghai.

Trade with Northeast Asia in focus

China will continue to facilitate trade and investment in the Northeast Asia region, officials said on Friday.

Drone drug deliveries take off

NAIROBI, Kenya - Tanzania is set to launch the world's largest drone delivery network in January, with drones parachuting blood and medicines out of the skies to save the lives of women giving birth and children struck by malaria, in a country larger than Nigeria.