BEIJING (AP) — China will cut income taxes on companies and import duties on energy and raw materials as part of efforts to spur domestic consumption and reduce reliance on exports and investment, the finance minister said Tuesday. Beijing also will spend more on education, health and other services to ease burdens on households...
BEIJING, March 6 (Xinhua) — China’s government debt amounts to about 17.5 trillion yuan (2.78 trillion U.S. dollars), about 43 percent of the country’s gross domestic product, Yang Kaisheng, president of the Industrial and Commercial Bank of China, said Tuesday. The debt is composed of 10.7 trillion yuan of local government debt and 6.8...
HONG KONG (AP) — World stock markets sank today over worries about slower economic growth in China and a possible snag in the deal for Greece to get its bailout money. In early European trading, Germany’s DAX was down 0.4 percent at 6,835 and the CAC-40 in France fell 0.4 percent to 3,473.81. The...
Facebook Inc. (FB), whose website has been restricted in China since 2009, said it has more application development partners in the country than any other part of Asia. Developers of software from China make up about 20 percent of Facebook’s partner network in Asia, David Lim, a partner engineer at the company’s mobile developer...
BEIJING | Tue Mar 6, 2012 5:52pm IST BEIJING (Reuters) – An ethnic Mongolian rights activist who finished a 15-year jail term in 2010 is under effective house arrest, a senior Chinese law official said on Tuesday, offering rare comment on the fate of a key dissident released from formal custody. Hada was tried...
