China raises tax threshold to ease burden on poor
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China has proposed lifting millions of its citizens out of the income tax net to ease the burden on low-wage earners amid rising inflation, state press said Sunday.
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By CHARLES HUTZLER  BEIJING - A group of Chinese scholars and retired officials has petitioned China's legislature to halt the privatization of state companies, arguing it has widened the country's income gap and fueled social unrest, a petitioner said Tuesday.
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China unveils a new law to increase protection of private property rights - the first to cover individual assets.
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China raised its benchmark interest rates on Thursday for the sixth time this year, the latest in a series of tightening steps to contain inflation and prevent the world's fourth-largest economy from overheating.
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Corruption, rural issues and the rich-poor divide topped the list of priorities for some delegates to the opening session of China's annual meeting of parliament on Monday.
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China raised interest rates on Thursday for the sixth time this year, the latest of a series of tightening steps to cap inflation and prevent the world's fourth-largest economy from overheating.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade, signaling deepening unease with the breakneck pace of development and an intent to reign in a construction boom now sowing fears of runaway inflation.
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The Asian Development Bank on Wednesday raised its forecast for China's economic growth this year to 10.4 percent, citing surging investment and exports, and warned of possible dangers to long-term stability.
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Beijing (VNA) - China will levy increased export tariffs on some textiles in preparation for the upcoming scrapping of global textile quotas, the Chinese Ministry of Commerce said on Sunday.
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BEIJING -- China announced yesterday that it will increase military spending at a sharply higher rate this year, budgeting a rise of nearly 18 percent, and a senior US official immediately called for clarity on the planned expenditures.
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New export taxes on polluting and energy intensive industries will help reshape how China's economy grows, but alone are not enough to resolve its trade imbalances with the United States, a top Commerce official said on Sunday.
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China saw a moderate rise in consumer inflation in August to 1.3%, with a notable rise in services.
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Public borrowing is set to rise and the government will need to raise taxes or reduce spending to decisively cut the deficit, the Organisation for Economic Cooperation and Development says.
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China's central bank on Thursday raised  interest rates for the first time in nearly a decade in its  boldest move yet to guide its heated economy to a path of  slower growth.
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Rising wages on China's more prosperous eastern coast are pushing some factories inland where labor is cheap.
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New export taxes on polluting and  energy intensive industries will help reshape how China&#39;s  economy grows, but alone are not enough to resolve its trade  imbalances with the United States, a top Commerce official said  on Sunday.
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China on Thursday announced it would hike interest rates for most deposits and loans by 0.27 percentage points, the first rise in nine years.