China

Economy

Chongqing tax only on high-end housing

2011-03-05 08:25

Chongqing, one of the pilot cities for a property tax, promised on Friday that the tax will not apply to people on low incomes.

Campaign to boost quality of exports

2011-03-05 07:45

China will launch a one-year campaign of concrete measures to improve the quality of its exports, a senior trade official said on Friday.The move is aimed at maintaining balanced and sustainable trade and boosting domestic manufacturers' global branding.

Shenhua Group to invest $78b on expansion in 2011-15

2011-03-03 21:46

Shenhua Group, China's largest coal producer, said Thursday that it would invest 515.2 billion yuan ($78.4 billion) on business expansion in the next five years leading up to 2015.

Xinjiang spends heavily on wind-power industry

2011-03-03 16:01

Northwest China's Xinjiang Uygur autonomous region plans to spend 20 billion yuan ($3.04 billion) this year to boost its wind-power industry

China sees sharp rise in foreign exchange purchase

2011-03-03 08:32

China' s funds outstanding for foreign exchange (FOFE) rose to 23.08 trillion yuan ($3.51 trillion) at the end of January, up 24.39 percent or 501.65 billion yuan from December, according to the People's Bank of China, or the central bank, on March 2.

China to expand economic ties with Israel

2011-03-03 08:29

China sees great opportunity in its cooperation with Israel," Chinese Commerce Minister Chen Deming said.

Tariff cut 'to boost imports'

2011-03-03 07:24

EXCLUSIVE: Import tariffs will be reduced on a range of products and red tape in import application procedures will be further cut, to "maintain balanced trade".