Tax income distribution between the central and local governments has been rebalanced to ensure that the slew of planned tax and fee cuts will not drag some regions into financial problems, according to a statement from the State Council, the country's cabinet.
Chinese companies are now attaching more importance to localized management and organic growth in the domestic market, which will naturally translate into a global status, rather than focusing on growing international market share via mergers and acquisitions, said experts from JPMorgan.
Banks are experiencing tremendous innovation in terms of business and risk management in free trade zones that are considered test fields for China's economic and financial reforms, executives of Bank of China Ltd said on Thursday.
Deepened reform and opening-up of nation's financial industry will attract more high-quality overseas investment
Trade tensions are taking a toll on the global economy and a lasting solution is necessary, Kristalina Georgieva, managing director of the International Monetary Fund said on Tuesday.
China ranked 28th among global economies in terms of competitiveness, and was the best performer among the five BRICS members, according to the World Economic Forum's latest annual report.
Geely Auto and Volvo Cars are planning to merge their engine operations into a stand-alone business unit, which will pool resources to create greater synergy between them and facilitate their electrification campaigns, according to parent company Zhejiang Geely Holding Group.
Foreign investors continued to pile into Chinese onshore bonds even as the renminbi remained weak against the US dollar for most of the last quarter, as higher yields and robust economic prospects helped maintain interest in the instruments, analysts said on Wednesday.
Companies and institutions have sped up their final preparations for the second China International Import Expo, which serves as a gateway for China to meet the outside world and vice versa.
Economic activity remained robust in China during September on the back of good domestic demand, with manufacturing showing resurgence, a private survey said on Tuesday.
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Raymond Zhou
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Chen Weihua
