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2021 - 05 - 21
China will work to ensure the supply of commodities and keep their prices stable to maintain a steady economic performance, the State Council's Executive Meeting, chaired by Premier Li Keqiang, vowed on Wednesday.Since the beginning of this year, due to multiple factors, especially the transmission of the global price rise in commodities, some products have seen extended price rallies, with some hitting new records.Boosted by the price surge of raw materials, China's producer price index, which measures costs for goods at the factory gate, saw a better than expected year-on-year increa...
2021 - 05 - 17
China will continue to reduce costs for companies to boost the real economy that has been recovering from COVID-19, the National Development and Reform Commission (NDRC) said on Monday.The country will further optimize tax reduction policies to extend the implementation period of the value-added tax concessions for small-scale taxpayers and increase their tax threshold from monthly sales of 100,000 yuan to 150,000 yuan (between $15,553 and $23,329), according to the NDRC.In addition to the preferential treatment they are already receiving, small and micro-enterprises and individual businesses ...
2021 - 05 - 10
China's foreign trade volume in dollar terms surged by 37 percent year on year to $484.99 billion in April 2021, with both imports and exports continuing a strong rebound, data from the General Administration of Customs (GAC) showed on Friday. Exports in dollar terms rose by 32.3 percent in April from a year ago to $263.92 billion, compared with the year-on-year growth of 30.6 percent seen in March, and above the predictions of 24.1 percent by Reuters and 24.5 percent by Bloomberg.  'China's export growth again surprised on the upside,' Zhang Zhiwei, chief econom...
2021 - 05 - 06
China has finished ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement, the Chinese Ministry of Commerce said Monday.
2021 - 04 - 29
China has taken the lead in ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement, the Chinese Ministry of Commerce said Monday.Thailand also officially ratified the agreement. The group's 15 members all stated that they will ratify the RCEP deal before the end of this year and bring the trade pact into effect on January 1, 2022.Bringing RCEP into effect entails gaining approval from at least nine out of the 15 member states. The quorum must include six ASEAN member states and at least three of the following countries: China, Japan, South Korea, Australia and New Zeala...
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