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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's finance minister said the country will adopt a more proactive fiscal policy but will not resort to a deluge of strong stimulus policies.

BEIJING - China's steel industry group has voiced concern over the US probe on steel imports, saying the move sends a signal of protectionism and is against the principles of fair trade.

BEIJING - Earnings reports this week from Industrial & Commercial Bank of China Ltd, China Construction Bank Corp and Agricultural Bank of China Ltd showed that their provisions for losses on bad loans - or nonperforming loans - stabilized last year, helping them to post higher-than-estimated profits.

BEIJING - China's five-year treasury bond futures closed mixed on Friday, with the contract for September 2020 closing 0.05 percent higher at 99.8 yuan (.6).