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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,...
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...
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...
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,...
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...
(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...
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...
