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VAT-reform program
VAT-reform program
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A pilot program to replace the business tax with a value-added tax in the transport sector and certain service sectors will be rolled out to other sectors nationwide on Aug 1, the Finance Ministry announced on May 28. As well as transport and some modern service sectors including research and development, information technology and consulting, the program will be expanded to radio, film and television industries, according to a notice on the ministry's website.
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  • 2017-10-19 13:14

  • By Zhao Xinying(China Daily)2017-10-19 08:58

    SONG CHEN/CHINA DAILYHaving stayed in close contact with China and its people for four decades, John Holden, associate dean of Peking University's Yenching Academy, is amazed by how Chinese people have changed during the past 40 years.Now responsible for recruitment of international students and uni...

  • By Zhao Xinying(China Daily)2017-10-19 08:05

    [Photo/China Daily by Song Chen]Development is creating opportunities for young people Editor's Note: The Communist Party of China is holding its 19th National Congress in Beijing. China Daily asked two prominent experts for their views on developments in China and the country's global leadership.Ha...

  • By Jiang Yu(China Daily)2017-10-19 07:45

    The Communist Party of China should always stay true to its mission to serve the people, CPC Central Committee General Secretary Xi Jinping emphasized in his report delivered at the opening ceremony of 19th CPC National Congress on Wednesday. He said the people-oriented devolvement philosophy has en...

  • (China Daily)2017-10-19 07:43

    We should, acting on the principles of prioritizing resource conservation and environmental protection and letting nature restore itself, develop spatial layouts, industrial structures, and ways of work and life that help conserve resources and protect the environment. We will step up efforts to est...

  • By Yuan Shenggao(China Daily)2017-10-19 07:15

    Sichuan province has carried out a series of innovation-driven plans to boost economic growth in the past five years, especially in the high-end manufacturing industry. Sichuan's annual GDP over the past five years has reached 3 trillion yuan ($462 billion), ranking No 6 nationwide. The total assets...

  • By Li You(China Daily)2017-10-18 07:58

    Series of major projects also at the vanguard of development plan for the province The volume of foreign trade generated in August by Fujian province in eastern China hit 104.65 billion yuan ($15.88 billion) - the highest monthly total so far this year, according to statistics released by Xiamen Cus...

  • By Zhang Yunbi(China Daily)2017-10-17 07:35

    The Central Leading Group for Deepening Overall Reform, which turns 4 in December, has built an effective framework to tackle deep-seated problems and clear the way for greater development of China. Headed by Xi Jinping, general secretary of the Communist Party of China Central Committee, the group ...

  • (China Daily)2017-10-16 07:58

    SOME PASSENGERS prefer window seats on planes and trains, others aisle seats. As of Thursday, people booking train tickets online can specify which they prefer. The system will also recommend transfers to those who need to change trains so passengers can buy all the necessary tickets at the same tim...

  • (China Daily)2017-10-16 07:58

    Two State-owned building materials firms-China National Building Materials Group Corporation and China National Materials Group Corporation Ltd-started merger preparations in the latest move of SOE consolidation and shedding of cement industry overcapacity. [Photo/VCG]AT A NEWS conference on Thu...

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