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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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  • By Xinhua(China Daily)2017-03-29 07:12

    Undocumented workers provide labor for tough jobs, opponents say WASHINGTON - The brutal rape of a teenage girl by two illegal immigrants on March 16 could become a rallying cry for United States President Donald Trump's coming immigration reform. Trump has vowed to stem the massive tide of millions...

  • By Wu Zheyu And Zhang Guangteng(chinadaily.com.cn)2017-03-28 11:06

    In an exclusive interview with the China Daily website, Zhang Lianqi, member of the 12th national committee of the CPPCC and partner of Ruihua Certified Public Accountants, shared his proposals to be submitted to the national committee for deepening reform of replacing the business tax with a value-...

  • (Xinhua)2017-03-25 17:15

    BEIJING - Tractors, plows, combine harvesters, now that spring has arrived, the machinery in Fu Haiwei's rural cooperative is ready for this year's farming. The national cooperative is in Dongguan township, Northeast China's Heilongjiang province, and boasted more than 2,000 hectares of farmland in ...

  • (China Daily)2017-03-25 06:51

    February 2015: The Leading Group of Overall Reform headed by President Xi Jinping approved the proposal for the nationwide promotion and reform of soccer in China. May 2015: A delegation of FIFA executives visited China to discuss the plan and provide advice to the Chinese Football Association. Augu...

  • By An Baijie(China Daily)2017-03-25 06:48

    President calls for them to take lead in a responsible, persistent manner President Xi Jinping urged major officials on Friday to play a leading and responsible role in pushing forward the deepening of reform to ensure that the people will benefit. Xi, also general secretary of the Communist Party...

  • (Xinhua)2017-03-24 10:41

    BEIJING - China's central government has issued a guideline on this year's government transparency work to support reform efforts. The State Council guideline said officials should be ready to clearly explain fiscal, monetary and employment policies. Implementation of tax cuts and lowering costs sho...

  • (Xinhua)2017-03-24 10:38

    GENEVA - A World Economic Forum (WEF) expert lauded China's reforms in the energy sector over the past ten years as the country grapples with the growing energy challenges engendered by the country's booming economy. "Over the decade, China's energy consumption has naturally grown to power the stron...

  • (China Daily)2017-03-24 07:50

    The Beijing Municipal Commission of Health and Family Planning has announced it will implement comprehensive healthcare reforms beginning on April 8.According to the commission, all public hospitals and medical institutions in Beijing will abolish their price markups for pharmaceutical drugs. This m...

  • By Wang Yanfei And Ma Zhiping In Boao, Hainan Province(China Daily)2017-03-24 07:49

    Cai Esheng, former vice-chairman of the China Banking Regulatory Commission.[Photo/China Daily]Boao panelists underline key lessons learned from 1997 Asian financial crisis Panelists attending the annual Boao Forum for Asia on Thursday called for domestic financial reforms and financial policy coord...

  • (China Daily)2017-03-24 07:16

    LISBON - UEFA will consider introducing squad limits and changes to the transfer system to prevent European teams hoarding players and stem the growing gap between rich and poor clubs, president Aleksander Ceferin said on Wednesday. The Slovenian lawyer, elected as head of European soccer's governin...

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