China announced on Friday the second batch of commodities subject to a new tax policy on purchases of foreign products via cross-border e-commerce platforms.
China's "new normal," which is widely deemed as a courageous step for Chinese government to rebalance it's economy, will bring benefits to countries in the Asia-Pacific region that have close economic ties with China.
China will adjust some of its customs duties on Jan. 1, 2014 to aid economic restructuring and achieve balanced trade growth, the Ministry of Finance said on Wednesday.
The ambitious plan of Hong Kong Stock Exchange (HKEx) into commodities trading business will neither harm the interests of London nor that of the Chinese mainland, HKEx's chief executive Charles Li said on Tuesday.
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