China Economic ReviewThe Chinese government said it would deepen fiscal reform and accelerate improvement of the public finance system. The government announced that the tax system would be simplified, rural taxes reduced and collection improved while government investment will be adjusted and reduced. The government said, while investment will be reduced to take account of the growing […]
China's economy will continue to experience high growth rates over the next 15 to 20 years, according to renowned economists. Speaking at the 2003 China Economic Growth Forum in Suzhou, Nobel laureate Lawrence Klein said China would continue to grow strongly in the next 20 years but the rate was likely to be closer to […]
The Beijing municipal government signed the last of the four contracts it offered through a public bidding system to build and run Olympic venues. This means the government has successfully found financing for all six of the first batch of building projects for the Olympics. The government holds only a 15 percent stake in the […]
The National Basketball Association (NBA) signed deals giving broadcasting rights for NBA games to 14 provincial television networks and China Central Television. The deals make NBA broadcasts available to all of China's 314 million households.
China has risen to become the eighth-largest cosmetics market in the world and the second-largest in Asia, state media reported. Figures released by the China Association of Fragrance, Flavor and Cosmetics Industry indicated that approximately US$5.5 billion in beauty products were sold in China in 2002. An association official said that China's large population and […]