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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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  • (Xinhua)2017-06-29 09:07

    BEIJING - With specific goals and a clear timetable, China is determined to improve the efficiency of state-owned enterprises (SOEs). By the end of this year, China will basically have completely restructured SOEs, according to the 36th meeting of the Central Leading Group for Deepening Overall Refo...

  • (Xinhua)2017-06-28 13:42

    DALIAN - China's reform needs the participation of foreign capital, companies and wisdom, Chinese Premier Li Keqiang said on Wednesday, pledging easier access to the Chinese market and a level playing field. The premier made the remarks when answering a question from Dutch multinational Royal DSM's ...

  • By Zhang Yue, Wu Xiaobo, Zhu Lingqing, Yu Xiaoming And Dai Tian(chinadaily.com.cn)2017-06-27 13:42

    Premier Li Keqiang delivers a keynote speech at 2017 Summer Davos Forum in Dalian, Northeast China's Liaoning province, June 27. [Wu Zhiyi/China Daily]Maintaining a steady upward trend over the second quarter, the world's second-largest economy has shown noticeable achievements in structural reform,...

  • (Xinhua)2017-06-27 10:56

    BEIJING - For all the uncertainties it faces, China's economy is viewed with confidence as reforms generate investment opportunities in its financial market and currency. Leading global equity index compiler MSCI last week decided to include 222 Chinese A-shares in one of its most traded indexes, ci...

  • By Zhang Yue In Dalian(China Daily)2017-06-27 07:26

    Premier Li Keqiang greets Klaus Schwab, World Economic Forum founder and executive chairman, in Dalian, Liaoning province, on Monday. Li said the forum's theme, "Achieving Inclusive Growth in the Fourth Industrial Revolution", fits the global situation. [Photo/China Daily]China is ready to push forw...

  • By Wang Yanfei And Zhong Nan(China Daily)2017-06-27 07:21

    President Xi Jinping called on Monday for more coordinated efforts to implement the reform agenda in key areas such as the restructuring of State-owned enterprises and improving the supervision of outbound investment.Mixed-ownership reform, a major part of the overall reform of State-owned enterpris...

  • (China Daily)2017-06-26 07:02

    TOKYO - Prime Minister Shinzo Abe wants to accelerate plans to amend Japan's pacifist constitution, saying he expects to submit a proposed revision to lawmakers before the end of the year, media reported on Sunday. Abe said in a speech in Kobe city on Saturday he planned to submit a proposal for th...

  • (chinadaily.com.cn)2017-06-21 15:02

    Editor's note: A gathering like Lujiazui Financial Forum offers a platform for dialogues among financial regulators and professionals. The annual meeting, which kicked off in Shanghai on Tuesday, focuses on the industry issues and global economy. Here is a selection of quotes made on the first day o...

  • (China Daily)2017-06-21 07:41

    A bank clerk tells a customer how to use the mobile banking services at a bank in Nantong, Jiangsu province, Sept 21, 2016. [Photo/VCG]Healthy financial institutions are a prerequisite for preventing a financial crisis, as central bank governor Zhou Xiaochuan rightly pointed out at this year's Lujia...

  • By Wang Yanfei(China Daily)2017-06-20 08:42

    A tour guide from GZL leads a group of tourists to take the first high-speed train connecting Shenzhen in Guangdong province and Xiamen in Fujian province. [Photo/China Daily]A massive tax shake-up has revitalized the service sector and stimulated economic growth.Value Added Tax, or VAT, reforms in ...

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