The journalist learnt that the State Council has issued the notice of Work Plan on Reducing Costs of Enterprises in the Real Economy Sector (hereinafter referred to as the “plan”).
The Chinese government has come up with a new set of policies in an attempt to reduce corporate costs.
After drastically prolonging people's lives, and slashing infant and maternal mortality rates, China is poised to become healthier as it is building a moderately prosperous society in all respects.
Economic globalization tends to be slowing down, experts have said at an economic forum, citing periodical and structural reasons.
The International Monetary Fund (IMF) said Friday that China's near-term economic outlook is positive, with an expected growth rate as high as 6.6 percent this year.
Premium income from life insurance products in China has grown fast in recent years with premium income from investment-oriented insurance seeing the biggest growth. While noticing that market vitality has been activated, regulators are also aware of potential risks of some businesses and companies beneath prosperity of the market.
Today marks the one year anniversary of China’s exchange rate reform started from August 11, 2015, when the People’s Bank of China (PBOC) decided to launch reform on the central parity price mechanism of RMB, the Chinese currency. Over the past year, RMB has experienced three sharp fluctuations.
Less than one month before the kickoff of a Group of 20 (G20) summit, G20 countries are envisioning global economic recovery through pro-growth strategies and innovation.
Chinese home appliance maker Midea Group's bid for German robot maker Kuka AG has clearly demonstrated the spirit of win-win cooperation while dispelling "suspicions" surrounding Chinese investments.
Along with military promotion strategy and comprehensively deep reform, a new round of reform in the military industry field starts.
Since last year, the regulators have taken actions to clean up off-market margin financing. The China Securities Regulatory Commission (CSRC) has previously prohibited securities companies from providing any convenience or service for the securities margin trading between their customers and other parties or between customers by selling umbrella trust on commission basis, P2P platform, self-developed margin trading services and systems and etc. Online financing has been officially prohibited.
The effects of an extra property tax on foreign homebuyers remain to be seen although the government wanted to cool Vancouver's extremely hot housing market, said experts on Thursday.
China’s four free trade zones (FTZ) in Shanghai, Guangdong Province, Tianjin and Fujian Province have scored new achievements. Experience from these FTZ pilots is expected to be replicated and promoted in one to two months.
The Reserve Bank of Australia (RBA) decided to lower the cash rate by 25 basis points again this Tuesday after announcing interest rate cut in May. After rolling out small stimulus packages including a bigger ETF buying program last week, the Japanese cabinet approved an economic stimulus package worth 28.1 trillion yen, aiming to boost the Japanese economy in next two years.
Chinese on-demand mobility (ODM) firm Didi's takeover of the business of Uber China has triggered worries over potential monopoly and price hikes.
The revised Risk Control Indicator Management Method of Securities Companies is about to be implemented. In addition, as external risk tends to be increasing, securities traders will downsize scale of non-active private asset management plan targeting non-standard debt asset.
The Ministry of Industry and Information Technology (MIIT) will strengthen policy support to maintain the momentum of industrial stabilization, said Fengfei, vice minister of the MIIT, at the “news conference on the development of industrial telecommunication industry in the first half of 2016” on July 25.
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