The top legislature on Monday started its second reading of an amendment to the country's individual income tax law.
Stocks on the Chinese mainland rose for a fifth day on Monday, the longest winning streak since February.
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.
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.
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 will spend 2 trillion yuan ($308.5 billion) on science and technology, making biotechnology a major priority, in the next five years.
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.
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.
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.
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.
China's ambassador to the UK said ahead of Premier Wen Jiabao's visit that London should avoid politicizing investment from Beijing.
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.