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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.

BEIJING - China's small and medium banks have relatively ample liquidity and their risks are under control, said the China Banking and Insurance Regulatory Commission (CBIRC) Sunday.

BEIJING - China's foreign trade is expected to remain stable in 2019 as the sector exerts more growth potential amid external challenges, according to a foreign trade report released by the Ministry of Commerce.

BEIJING - Individual employees who have lived on the Chinese mainland for 183 days, rather than 365 days, in a tax year can be considered a Chinese tax resident from May 1, the latest policy said.

BEIJING - Eyeing huge potential of China's economic growth, the country's policymakers have made precise arrangements for high-quality development, amid measures to further boost consumption.