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BEIJING - China said Sunday that it has expanded a preferential policy to temporarily exempt certain profits obtained by overseas investors from withholding income tax in order to encourage inbound investment.

BEIJING - For many years, pieces of debris from building projects in China have been randomly disposed of. But now, many of them are being reborn.

BEIJING - China is making steady progress in its housing renovation plan for rundown urban areas, with construction beginning on 2.07 million homes in dilapidated regions in the first seven months, data from the Ministry of Housing and Urban-Rural Development showed Monday.

BEIJING - In a bid to encourage the development of the country's logistics industry, China will offer favorable tax terms to lower the cost of commodity storage for logistics firms, the Ministry of Finance said in a statement released Tuesday.

BEIJING - China will raise the retail prices of gasoline and diesel for the fourth time this year, tracking a global crude price uptick, the country's top economic planner said Thursday.