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//Economy

GDP growth in first quarter reveals economy stabilizing

The country’s GDP growth in the first quarter did not continue to fall at a worrisome speed. The 6.7 percent year-on-year figure was lower by only 0.1 percentage point than the fourth quarter of last year. But GDP is not the only thing to consider, said Sheng Laiyun,...
Posted On 19 Apr 2016
, By nconsult

China’s 2016 overseas investment expected to grow over 10%

China’s outbound investment is expected to continue to grow at an impressive rate of over 10 percent, and maintain this momentum for the next five years with the continuous promotion of the “Go Global” policy and the gradual implementation of the national...
Posted On 19 Apr 2016
, By nconsult

Expansion of VAT to real estate & finance in China

China’s ongoing move to replace business tax with value-added tax is expected to expand into three crucial sectors this year — real estate, finance and consumer services. The State Council announced on Friday that the expansion should be completed by May 1st. A pilot...
Posted On 23 Mar 2016
, By nconsult

China halts short-term insurance products

The China Insurance Regulatory Commission Yuan Xucheng, a director under the China Insurance Regulatory Commission, says the halt aims to improve the country’s insurance industry. “In China, social security coverage is very inadequate. So we should invest more time,...
Posted On 23 Mar 2016
, By nconsult

China cuts reserve ratio to stimulate growth

The People’s Bank of China, China’s central bank, Monday announced that it will lower its reserve requirement ratio (RRR) for commercial banks by 0.5 percentage point, starting from Tuesday. The cut is to “ensure reasonably ample liquidity in the financial...
Posted On 10 Mar 2016
, By nconsult

China to increase financial support for industrial upgrade

(Xinhua) BEIJING – China will increase financial support to its industries as they are being encouraged to transform themselves amid the country’s industrial upgrades, an official document said on Tuesday. China will expand credit to industrial enterprises, make...
Posted On 23 Feb 2016
, By nconsult

Li stresses stability of renminbi

By Zhang Yue(China Daily) Premier pledges to continue reform, rules out hard landing of the economy China will continue its financial reform and will not seek to boost its economy through currency depreciation, Premier Li Keqiang said on Friday. He made the remarks when meeting...
Posted On 23 Feb 2016
, By nconsult
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