China Economic ReviewGuangdong Province registered US$172.84 billion in foreign trade in the first eight months of the year, up 25.7 percent from a year earlier. Guangdong's foreign trade volume accounted for 33.1 percent of the national total according to Customs figures. In the first eight months the province exported US$91.66 billion worth of commodities, up 25.1 percent, […]
Premier Wen Jiabao announced in Beijing on Friday that China's tax-rebate system would be reformed soon. After acknowledging the positive effects of the system on China's economy Wen acknowledged that the government has not paid tax rebates on time to export companies. The value of the delayed tax rebates was estimated at US$29.8 billion by […]
China's independent power producers have been hit by higher than anticipated environmental protection costs. An environmental protection policy, which took effect on July 1, requires power producers to pay pollution discharge fees on pollutants such as sulfur and nitrogen oxide above a certain threshold. The policy is part of government efforts to curb the impact […]
The Third Plenary Session of the 16th Central Committee of the Communist Party of China (CPC) opened in Beijing on Saturday. During the four-day meeting, the 24-member Politburo will report for the first time to the lower-ranked Central Committee and the plenum will consider two revisions to China's constitution. The CPC is expected to incorporate […]
Shanghai's GDP grew at 11.8 percent in the first nine months of the year, its fastest growth since 1997. Officials attributed the growth to increased industrial production and greater investment. GDP totaled RMB 441 billion through the first three quarters, according to the Shanghai Statistics Bureau. The city is expected to attract a total of […]