China's effort to reduce the corporate tax burden has played a positive role in boosting economic growth, experts said on Wednesday, calling on the government to further deepen tax reform to cushion the potential impact of US President Donald Trump's proposal for massive corporate tax cuts.
American small and medium-sized businesses such as retailers of cosmetics, apparel, maternal and baby products, and health supplements and even farmers are cashing in on the huge purchasing power of China's vast and fast-growing middle class through e-commerce while creating jobs for the Americans.
The surge in buying products via cross-border e-commerce in China is set to expand to a much wider population base by 2020, a study has found. The driving force is a higher standard of living for the middle class. Researcher eMarketer estimates that by 2020, a quarter of the opulation, or more than half of all digital buyers, will shop directly on foreign-based sites or through third parties. Cross-border e-commerce imports into China grew about 30 percent to $182 billion (1.25 trillion yuan) in 2016 and will grow at a similar pace in 2017, said research firm iResearch.
The first pilot project to use China National Nuclear Corporation's cutting-edge third-generation ACP100 nuclear reactor has completed its preliminary design stage and is qualified for construction in Hainan province.
International toy retailer Toys "R" Us Inc is expected to open at least 30 to 40 stores annually in China, mostly in major cities while reaching more customers with its online stores.
A Chinese realty firm said it has paid 1.135 billion pounds ($1.462 billion) to buy the tallest skyscraper in City of London - the biggest Chinese investment in the United Kingdom's real estate market.
China's Uber-type service for trucks Guiyang Huochebang Technology Co Ltd, also known as the Truck Alliance, said on Tuesday that it had raised $156 million in series B-2 funding, led by Baidu Capital, the investment arm of Baidu Inc, the country's largest search engine.
WuXi NextCODE, a contract genomics company headquartered in Shanghai, announced on Tuesday that it received a $75 million capital injection, as China targets precision medicine using gene sequencing as a new focus for improving health and medical standards.
Editor's Note: In this fourth part of the special series on the new free trade zones being set up across China, we look at the China (Zhejiang) Pilot FTZ at Zhoushan, which started operations on April 1.
Work on building China's first 20,000-metric-ton ship capable of transporting goods by both sea and river began on April 19 in the island city of Zhoushan, Zhejiang province, boosting the local free trade zone's transportation and logistics capabilities.
When the YiDa Five supply vessel left Sinopec Zhoushan Company's fuel depot at the Aoshan wharf in the China (Zhejiang) Pilot FTZ for Shanghai Yangshan Port on April 18, its target was Panama freighter Paraburdoo - and the task was to deliver as much as 1,350 metric tons of bonded fuel oil.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
