Proactive fiscal policy underpins economic recovery
Easing burdens on businesses through extensive tax and fee cuts while enhancing spending on key sectors, China's proactive fiscal policy has underpinned the ongoing economic recovery and will continue to play its role in reinforcing the balancing progress, analysts noted.
Macro
Shanghai's Pudong to take lead in China's socialist modernization: officials
The Pudong New Area in Shanghai will play a leading role in China's new journey to fully build a modern socialist country in a number of areas, central and local officials said Tuesday.
Financials
-
China announces five leading cities in developing int'l consumption centers
China's Ministry of Commerce announced on Monday that, with the approval of the State Council, Shanghai, Beijing, Guangzhou, Tianjin and Chongqing will take the lead in developing international consumption center cities.
more -
China issues guideline to vitalize market, improve business environment
China has released a guideline to energize market entities and improve the business environment with streamlined administrative procedures and better services.
more
Companies
World's first 600 km/h high-speed maglev train rolls off assembly line
China's new high-speed maglev train rolled off the production line on Tuesday. It has a designed top speed of 600 km per hour -- currently the fastest ground vehicle available globally.
Airbus begins A350 deliveries in China
Airbus has inaugurated its A350 aircraft project at its widebody completion and delivery center in China's Tianjin. It is first time European planemaker has launched such a project for A350 outside Europe.
Great Wall Motor net profit triples in H1
Great Wall Motor, China's leading sport utility vehicle and pickup manufacturer, said Tuesday that its first half-year net profit more than tripled due to vehicle sales growth and increased profit margins.
