Economic  homepage  Briefs 

2.3 Million Beijingers No Longer Required to Pay Personal Income Tax

The threshold for Personal Income Tax will be lifted on Thursday to 3,500 yuan a month, from 2,000 yuan, removing 60 million Chinese from the tax register.

8月31日 12:12

New Top Communist Party Officials Appointed in Tibet, Yunnan and Qinghai

The Central Committee of China's Communist Party has replaced the leading party official in Tibet along with two other western provinces

8月25日 19:32

Rubbing Shoulders With Mao: How to Spot a Fake 100 Yuan Note

In response to media reports of new fake 100 kuai notes in circulation, China's central bank has published a notice advising people how to detect the counterfeit bills

8月18日 18:42

Pension Fund’s 10 Billion Yuan Buying Spree Helps Prop Up Chinese Market

China's National Social Security Fund (NSSF) spent 5 billion yuan on domestic stocks through a brokerage account on Tuesday and may have invested even more through other accounts

8月11日 17:20

China's CPI Up 6.5% in July

China's consumer price index increased by 6.5% in July, the fastest rate of growth in the index in over 3 years

8月9日 19:57

NDRC Sets Benchmark Price for Solar Power

The new benchmark price is likely to help boost the profitability of photovoltaic projects and encourage more investment in the industry

8月5日 17:15

China Shuts Down 583 Lead-acid Battery Plants

A total of 583 lead-acid battery manufacturing plants have been shut down over recent months as part of a campaign to strictly enforce environmental standards on the booming sector

8月5日 9:11

Crash Round-up: Many Stations Use Wenzhou's Suspect Signals

A summary of the latest news on the Wenzhou crash: the compensation offer, cover-up accusations, investigation and punished journalist.

7月29日 17:39

Premier Holds Press Conference at Site of Wenzhou Train Disaster

Disasters are common in China, but prime ministerial press conferences aren’t.

7月28日 18:19

Rush for Bottled Water in Sichuan

Residents of the Sichuan city of Mianyang are buying up bottled water after heavy rain washed manganese into the river that feeds their taps.

7月28日 18:07

Reluctant Transparency

Central government departments grudgingly reveal glimpses of spending on cars, overseas travel and entertaining

7月26日 19:30

Updated: Wenzhou Train Crash Death Toll Climbs to 38

According to the Wenzhou city government, as of 1pm Jul 25, the official death toll of the accident involving two high speed trains in eastern China has climbed to 38

7月24日 0:57

Probe Into Rail Exec's Mining Links

Another senior railway official is being investigated for corruption, after accusations that he received a Beijing property from the owner of a coal mine in Inner Mongolia.

7月21日 12:44

Plan to Expand Scope of Resource Tax Reform Submitted to State Council

Reforms to the way China collects resource tax currently being trialed in Xinjiang, may soon be expanded to include more resources

7月19日 18:07

China Mulls Appeal On WTO Rare Earth Ruling

China is considering an appeal after the World Trade Organization ruled that it had placed illegal restrictions on the export of scarce raw materials, a spokesman from the Ministry of Commerce said on Friday.

7月18日 19:13

Security Checks to be Introduced on Shenzhen Buses Ahead of Universiade

The measures are the latest in a series of policies adopted by the city in a bid to ensure that the biennial sporting event goes ahead without incident

7月18日 12:57

New Power Construction Giant to be Established in August

The establishment of the new group is a sign that progress is being made in a radical plan to reform the country's power industry by separating out the multiple minor lines of business from the core concerns of the country's key power distributors

7月14日 19:21

Public Shaming for Furniture Maker

Da Vinci, which sells some of China's most furniture, on Wednesday admitted that some of its "imported furniture" is actually produced domestically.

7月14日 16:08

China's GDP Grows 9.6% in First Half of 2011

China's GDP grew 9.5% in the second quarter, slower than first quarter growth of 9.7%

7月13日 16:34

Hainan Shoppers Leave Bananas to the Pigs

With thousands of unwanted bananas rotting in their fields, some farmers on the island of Hainan prefer to feed the fruit to their pigs instead of selling them at a loss on the market.

7月12日 17:41