Int’l Trade Center unveils Market Price Information portal

The International Trade Centre (ITC) said Tuesday that it has launched the Market Price Information portal, an online database giving access to live updates and prices for more than 100 agriculture products. The portal was launched with a view to improve transparency in trade and help improve the decision-making processes for micro, small and medium-sized […]

China’s farm produce prices see slower declines

China’s farm produce prices saw slower declines in the week ending July 8, as vegetable prices stabilized, according to data from the Ministry of Commerce Tuesday. The price index for farm produce edged down 0.1 percent in the past week, narrowing from a 0.8-percent fall the previous week. The index for production materials fell 0.5 […]

China’s economic fundamentals point towards high-quality development

China’s economic fundamentals point towards high-quality development

Although China’s growth data for the first half of the year is yet to be released, a glimpse into the positive changes in economic fundamentals showed China is moving steadily towards its goal of high-quality development. With overall economic activity maintaining stable expansion and industrial and service production picking up pace, China’s sound economic fundamentals […]

Smartphone maker Xiaomi debuts on Hong Kong stocks

Chinese smartphone maker Xiaomi debuted on the Hong Kong Stock Exchange Monday, the first company which adopts a weighted voting rights with dual-class shares after Hong Kong’s major listing regime reform in 25 years. “We would like to thank the Hong Kong Stock Exchange and the Hong Kong Securities Regulatory Commission,” Lei Jun, founder and […]

China to upgrade transport infrastructures in Tibet

China has vowed to further promote the development of transport infrastructures in Tibet to make travels on “the roof of the world” much easier. The Ministry of Transport (MOT) said in a guideline that China aims to expand highways in the autonomous region to 110,000 kilometers by 2020. China plans to complete a primary network […]

China’s H1 industrial profits up 11.4 pct

Chinese industrial businesses saw their profits rise by 11.4 percent year on year in the first half of this year, official data showed on Sunday. Total profits of industrial companies with annual business revenue of more than 20 million yuan (3.2 million U.S. dollars) reached 2.86 trillion yuan, the National Bureau of Statistics (NBS) said […]

Int’l commodity fair opens in Xinjiang’s Kashgar

The 10th Kashgar Central and South Asia Commodity Fair kicked off Sunday in Kashgar, an ancient Silk Road town in northwest China’s Xinjiang Uygur Autonomous Region. As the largest trade event in south Xinjiang, the three-day fair has attracted 1,600 businessmen and delegates of trade and commerce associations, including 446 from six foreign countries, including […]

Foreign investment to Shanghai up 10.9 percent in H1

Shanghai received 9.2 billion U.S. dollars of foreign investment in the first half of 2014, up 10.9 percent from a year earlier, the Shanghai municipal government said Thursday. About half of new foreign-invested projects went to the Shanghai Free Trade Zone. Twelve multinational corporations (MNCs), including Volvo, Zegna and Danone, have set up their regional […]

China to shut down 1700 small collieries

China’s work safety watchdog on Thursday vowed to close over 1,700 accident-prone small coal mines in a bid to enhance safety and reduce casualties. Yang Dongliang, head of the State Administration of Work Safety, said collieries with an annual capacity under 90,000 tonnes will be shut down in 50 coal-rich counties in 12 provincial-level regions. […]

China’s VAT reform eases taxes by 267.9 bln yuan

China’s value-added tax (VAT) reform has so far resulted in a tax reduction of 267.9 billion yuan (43.56 billion U.S. dollars) for businesses, the State Administration of Taxation (SAT) said Thursday. China’s VAT reform, which was implemented as part of China’s structural tax cuts, has included replacing turnover tax with a VAT in the transportation […]

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