China will be able to achieve its annual fiscal budget goals, although the unprecedented $281 billion tax and fee cut plan will constrain income, a top government official said on Tuesday.
China will take more steps to stimulate investment, boost consumption, create more jobs and increase income, as part of its ongoing efforts to foster a robust domestic market, according to the country's top economic regulator.
Rising demand for high-end river cruises from Chinese travelers will be the mainstay and account for 7 to 8 percent of the total cruising business of US-based cruising firm Viking Cruises by 2020, a top company official said on Tuesday.
Global manufacturers, gathering in Anhui for a world manufacturing convention, showcased their determination to embrace a new era of manufacturing by promising to invest 735.1 billion yuan ($105 billion) in 638 projects in the province when the gala ended on Monday.
When Thomas Cook, the world's oldest travel agency, enters bankruptcy this week, the future for its joint venture with Shanghai-based conglomerate Fosun International will likely remain positive, the JV said.
Manufacturing continued to be the bright spot of China's industrial landscape during the first six months of this year, with the sector logging revenues of more than 8 trillion yuan ($1.13 trillion) during the period, way ahead of other sectors like financial services, industry experts said.
Shenzhen in Guangdong province, Wuhan in Hubei province and Hefei in Anhui province will be the three new clusters for information technology manufacturing in China, according to a white paper published by CCID Consulting, a Chinese think tank.
China should improve the yuan exchange rate management and shift to a more flexible regime along with in-depth financial opening-up, a leading financial think tank said.
Selling 300,000 yuan ($42,282) worth of durian products in 10 minutes was beyond the wildest dreams of Leron Yee Poh Soon, co-founder of Malaysian durian producer DKing. But that dream materialized last week, thanks to Chinese internet celebrities.
China is a very important market for Swiss exports and investment, attracting large numbers of Swiss small-and medium-sized companies eager to expand their businesses and seek cooperation opportunities, a senior Swiss diplomat said.
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