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BEIJING - China has unveiled new, shortened negative lists for foreign investment, as part of efforts to further open up the economy and improve its business environment amid the novel coronavirus epidemic.
BEIJING - China's fiscal revenue registered slower growth in May, climbing 3.7 percent year on year to 1.61 trillion yuan (6.95 billion), the Ministry of Finance (MOF) said Monday.
BEIJING - China has moved to support the issuance of rental properties-backed securities to help finance a burgeoning rental housing market, a crucial part of its planned policy package that aims to stabilize the real estate sector.
BEIJING - China's coastal bulk freight market has seen a decrease in general demand in the week ending May 29, according to the Shanghai Shipping Exchange (SSE).
BEIJING - China's machinery sector reported better-than-expected performance in the first half of 2017 although high costs and financing difficulties continue to weigh on profits. Profits of machinery manufacturers amounted to 857.6 billion yuan (about 7.6 billion) during January-June, up 14.69 percent year on year, according to the China Machinery Industry Federation (CMIF). The main business revenue came in at 12.51 trillion yuan, rising 11.6 percent from the same period last year, with that in agricultural machinery, combustion engines, construction machinery and instruments all seeing double-digit growth. Chen Bin, deputy head of CMIF, attributed the improvement to business innovation and transformation, as well as a low comparison base last year. But high labor and logistics costs, and financing difficulties were still a trouble for the industry, Chen added.