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2021 - 06 - 09
China's imports in dollar terms soared by 51.1 percent to around $218.4 billion year on year in May, the fastest growth since January 2011, fueled by increasing price pressures from commodities, data from the General Administration of Customs (GAC) showed on Monday. The growth in imports picked up from a 43.1-percent rise in April but was slower than an estimated growth of 51.5 percent tipped by the Reuters poll.Exports in dollar terms rose by 27.9 percent year on year in May to $263.9 billion, slower than the year-on-year growth of 32.3 percent seen in April, falling short ...
2021 - 05 - 31
SteelHome Macroeconomic InfoDomestic Macro NewsShanghai Moves Forward to Become a Global Asset Management Center [SteelHome] 2021-05-26 09:40:50China's metropolis Shanghai is vowing to become a 'comprehensive and open' global asset management center by 2025, according to an official document on Tuesday.Shanghai will support qualified foreign capital to set up securities, funds, pension management and other institutions in Shanghai, either as a sole proprietorship or joint venture, read the document issued by the municipal government.As a plan of buil...
2021 - 05 - 28
Profits of China's major industrial companies saw accelerated growth in the first four months of this year as the country's economic recovery further firms up, official data showed Thursday. Industrial firms with an annual business revenue of at least 20 million yuan (about $3.12 million) saw their combined profits surge 106 percent year on year in the January-April period to over 2.59 trillion yuan, data from the National Bureau of Statistics (NBS) showed. When compared with the first four months of 2019, the figure represented a rise of 49.6 percent. The average growth rate...
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 ...
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