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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 Ma Si(China Daily)2017-08-22 09:30

    The booth of China Unicom at an industry expo in Beijing. [Chen Xiaogen / for China Daily]The $11.7 billion ownership reform plan of China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers, has been approved by the country's securities authority, ...

  • By Xu Wei(China Daily)2017-08-19 08:42

    China will continue to refine the value-added tax reform pilot program to enable further economic transformation and upgrades, a State Council executive meeting chaired by Premier Li Keqiang decided on Friday. The reform was first piloted in Shanghai in 2012. It was expanded nationwide in May 2016. ...

  • By Fan Feifei(China Daily)2017-08-18 09:23

    Experts sees it as breakthrough for involving internet firms, employee incentive shares, mixed-ownership The $11.7 billion share sale by China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers, marks a milestone in the Chinese government's push to...

  • (Xinhua)2017-08-16 09:01

    A worker monitors container operation at Zhoushan port in Ningbo, Zhejiang province. [Photo/China Daily]WASHINGTON - China's strong economic growth so far this year has paved way for policymakers to accelerate needed reforms and focus more on quality growth, the International Monetary Fund (IMF) sai...

  • By Zheng Xin(China Daily)2017-08-15 09:41

    A worker from China National Petroleum Corp checks the figures on a gauge. ZHONG MIN / FOR CHINA DAILYState-owned oil and gas producer and explorer China National Petroleum Corp vowed on Monday that it would complete important internal corporate reforms by November, which would make it more streamli...

  • (Xinhua)2017-08-12 17:30

    BEIJING - With top-level design and solid implementation, China has made significant progress in carrying out hundreds of reforms that have improved the country's economic and social outlook. Thanks to environmental reform efforts implemented since 2013, the average annual density of fine particulat...

  • (Xinhua)2017-08-12 10:32

    A residents shows China's yuan and US dollar banknotes in Qionghai, South China's Hainan province, Jan 7, 2016. [Photo/Xinhua]BEIJING - Two years after China changed its "central parity system" to let the market play a bigger role in exchange rate formation, China's currency stands tall against the ...

  • By Evelyn Yu In Hong Kong(China Daily)2017-08-11 05:28

    On the second anniversary of the Chinese mainland's exchange rate reform, the market is still quivering over the yuan's single day fall of 1.87 percent against the US dollar, triggered by the central bank's abrupt decision on August 11, 2015 to reform the renminbi's midpoint rate determination mecha...

  • (english.gov.cn)2017-08-10 11:53

  • By Hu Jiayong(China Daily)2017-08-09 08:28

    The Third Plenary Session of the 18th Central Committee of the Communist Party of China in November 2013 decided to deepen reform in an all-round way, in order to develop socialism with Chinese characteristics and promote the modernization of China's governance system and governance capacity. It is ...

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