China to amend individual income tax law

2011-06-28 10:27:12

The top legislature on Monday started its second reading of an amendment to the country's individual income tax law.

Stocks rise for fifth day in row

2011-06-28 10:20:51

Stocks on the Chinese mainland rose for a fifth day on Monday, the longest winning streak since February.

SSF sees profit in tight money policies

2011-06-28 10:05:03

The National Council for Social Security Fund (SSF), China's largest limited partner, is contacting and investing in private equity (PE) companies, and regards the tightening monetary policy as a huge opportunity in the development of the PE market, said a senior official from the SSF.

Guangdong fair yields deals worth $8.9b

2011-06-28 10:05:21

Foreign-funded firms that were previously export-oriented sought to explore the booming domestic market at a recent fair to combat the aftermath of the global economic downturn.

CNPC opens Iraqi oilfield

2011-06-28 09:41:54

China National Petroleum Corp (CNPC), the nation's biggest oil company by output, said that the first phase of the Al-Ahdab oilfield in Iraq with an annual capacity of 3 million tons started operations on June 21.

China placing priority on biotechnology

2011-06-28 09:44:58

China will spend 2 trillion yuan ($308.5 billion) on science and technology, making biotechnology a major priority, in the next five years.

China to cut duties on luxury goods

2011-06-28 09:44:17

Reducing import duty on luxury goods is only "a matter of time" as key ministries have reached general agreement on the issue, Yao Jian, Ministry of Commerce spokesman, told China Daily on Monday.

Sun set to shine on Inalfa deal

2011-06-27 14:51:18

Beijing Hainachuan Automotive Parts Co Ltd, a subsidiary of BAIC Group, said its acquisition of Inalfa Roof Systems will be completed next month after it passes antitrust scrutiny by the Chinese government.

Spat between Visa, China UnionPay spills into BC Card

2011-06-27 14:09:19

The world's largest payment network Visa has been in a one-year-long battle with China's biggest electronic payment network China UnionPay over royalty payments.

China steps up subsidies for the needy

2011-06-27 15:02:59

More than half of all Chinese provincial-level regions have established a mechanism to offer subsidies to the needy as high inflation pushes up their daily living costs.

Remove the barriers to investment: Ambassador

2011-06-27 14:35:45

China's ambassador to the UK said ahead of Premier Wen Jiabao's visit that London should avoid politicizing investment from Beijing.

Wen puts UK visit in fast lane

2011-06-27 13:43:08

While national leaders usually kick off their visits to the UK in the capital city, Premier Wen Jiabao decided to start his in Birmingham, instead of London.