China Economic ReviewThe consumer price index, China’s benchmark of inflation, fell by 1.1 per cent yearon- year in May, China Daily said. This followed a 1.3 per cent fall in April and was the seventh consecutive monthly fall. Prices in urban areas were 1.4 per cent lower than at the same time last year, while those in […]
Finance minister Xiang Huaicheng has said that tax rates for foreign-invested and domestic enterprises in China will be unified next year, the Financial Times reported. However, officials have said that tax concessions agreed before the unification would not be affected. The policy shift, which the minister said was necessary to fund social welfare costs, would […]
With the state no longer controlling cotton prices and production levels, Beijing has few tools to correct supply imbalances that are re-emerging. Supply imbalances are re-emerging in China’s cotton market, three years after the sector’s partial liberalisation. Combined with signs of declining growth prospects in the closely related textiles and apparel sector, the possibility of […]
A fire at an internet caf?in Beijing’s university district on June 17 caused 24 deaths. According to official reports, the fire broke out at 2am-3am in the Lanjisu internet caf? a converted residential apartment that was operating illegally. Most of the victims were said to be teenagers or students from the nearby Science and Technology […]
Shenzhen has been granted permission by the central government to open market access to foreign investors in service sectors at a rate faster than was agreed under China’s accession to the World Trade Organisation. The 20 sectors to be opened include financial services, securities, ports, hospitals, procurement centres, tourism and logistics, according to a report […]