KUNMING - Li Yunxia's company will save about 6 million yuan ($940,000) in annual operating costs, thanks to the VAT rates cut rolled out in China in May.
As China needs to invest 2 to 4 trillion yuan ($310 billion to $630 billion) annually in the next five years in order to counter the impact of pollution and climate change, the nation needs to come up with a green financing mechanism to facilitate its transition to sustainable growth, said Zhou Xiaochuan, former governor of the People's Bank of China.
China's deepening reform and ongoing opening-up is set to generate new opportunities for the shared development of China and the United Kingdom, and for the wider world, China's ambassador to the UK said on Tuesday.
The Ministry of Finance is trying to expand the pool of investors in local government bonds, as it seeks to tackle potential liquidity stress amid tightening financial regulation.
The International Monetary Fund raised its forecast for economic growth on the Chinese mainland in 2018 to 6.6 percent from 6.5 percent, but warned that the simmering Sino-US trade dispute would negatively affect global economic growth and investment.
Nomura Holdings Inc, Japan's biggest brokerage and investment bank, has applied to set up a securities joint venture with a majority stake in China, becoming the latest foreign firm to take advantage of China's pledge to further open its financial sector.
Companies involved in manufacturing claimed more than half of China's top 100 valuable brands, according to a survey released on Wednesday, indicating the strong momentum fueled by a slew of policies to bolster and upgrade the sector.
China's trade in goods climbed 8.9 percent year-on-year to 9.11 trillion yuan ($1.43 trillion) in the first four months of this year, partly due to the upturn in the global economy and solid domestic demand, official data showed on Tuesday.
China's monetary authority listed steady progress to achieve completely free use of the yuan in cross-border capital investment as one of its priorities this year, based on further market-oriented exchange rate reform, said a statement released on the central bank's website on Tuesday.
Nebraska Governor Pete Ricketts expressed deep concern on Monday over possible tit-for-tat tariffs between China and the United States, but is optimistic that a negotiated solution can be found.
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