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Finance & Economy

WTO concludes Fifth Review of China Trade Policy

The fifth World Trade Organization (WTO) trade policy review of China concluded here on Thursday, with WTO members commending the vital role of China's economic growth to the world economy and some also raising higher expectations for China to assume more resp...

Monday, July 7, 2014

China's June PMI at Six-month High

Growth in China's manufacturing sector accelerated to a six-month high in June, registering a strong end to the second quarter and an encouraging sign that the economy is further stabilizing.

Tuesday, July 1, 2014

Starting now, Bank Loans Easier to Get

China's banking regulator said on Monday it was allowing lenders to make more loans through a modification in the way a key regulatory ratio is calculated.

Tuesday, July 1, 2014

China signs RMB business MoUs with Luxembourg, France

The People's Bank of China (PBOC), China's central bank, on Sunday announced that it has inked two Memorandum of Understanding (MoUs) on renminbi (RMB) business with the central banks of Luxembourg and France.

Monday, June 30, 2014

London, eurozone set to benefit increased RMB trade

London and the eurozone look set to benefit in the future from increased trade in yuan, as figures Thursday show yet another monthly increase in its use as a global currency.

Friday, June 27, 2014

China Industrial Profits up 9.8% in First 5 Months

China's industrial profits continued to rise in the first five months but growth was slightly down from the Jan-April period, still encouraging sign.

Friday, June 27, 2014

Small Firms Get a Break on VAT

The Ministry of Finance announced on Wednesday that the value-added tax rate will be a flat 3 percent for many small businesses, effective July 1.

Thursday, June 19, 2014

China`s Central Bank Clarifies Sectors Targeted for Support

China's central bank on June 10th outlined areas it will target in providing financial support and implementing reform measures, following its latest move to cut reserve requirements for banks engaged in lending to the agriculture sector and small firms.

Wednesday, June 11, 2014