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China's State-owned companies reported steady profit growth in the first half of the year, totaling 1.41 trillion yuan (8.9 billion), up 24.3 percent year-on-year, according to the Ministry of Finance.
China will work to beef up policy support for the private enterprises, optimize the market environment and guide them to enhance the development quality of the industry, according to the document jointly released by the National Development and Reform Commission (NDRC) and the agricultural ministry.
China's auto market stepped up recovery in May, with both production and sales showing double-digit growths, as per industry data Thursday.
China will cut value-added tax rates as part of a tax reduction package amounting to 400 billion yuan (.58 billion) this year, according to a decision made at a State Council executive meeting on March 28.
China's ambassador to Kenya Liu Xianfa (seated forth from left) and Cabinet Secretary in the Ministry of Transport James Macharia (seated fifth from left) and other government pose with scholarship winners during a farewell party in Nairobi. [Liu Hongjie/China Daily]
