China News Direct

 
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China confirms details of new enterprise tax law
(Mar 20, 2008) State Taxation Administration has confirmed some details for enterprises to observe the new Enterprise Income Tax Law effective from 1st January 2008. For enterprises enjoying a 15% income tax rate under previous tax laws, the tax rate will gradually rise to 18% in 2008, 20% in 2009, 22% in 2010, ...
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China outlines all-rounded economic and social improvement
(Mar 19, 2008) Chinese Premier Wen Jia Bao says China will try hard in the following 4 areas in the next five years. The government will focus on social development, improving the agricultural sector, improving economic development and enlarging domestic demand. The four areas specifically are: Firstly, to maintain a fast yet steady ...
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Shanghai population density near 3,000 per sq km
(Mar 19, 2008) The Municipality of Shanghai's permanent resident population density reached 2,931 per square kilometre in 2007, the highest in China. The municipal's permanent resident population is 18.58 million, 13.78 million of those are registered, or with legal residency, and 6.6 million of those are mobile, or migrant population. Since the launch ...
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CEO confidence level diverges in developed and emerging nations
(Mar 18, 2008) PricewaterhouseCoopers (PwC), one of the largest professional services firms in the world, announces results of 11th Annual Global CEO Survey. Discrepancy between CEO confidence level in developed and emerging countries on their economic growth prospect has widened. 73% interviewed Chinese CEO are confident in economic outlook in China while only ...
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New law giving trade unions more clout to launch on May 1
(Mar 15, 2008) The number of labor dispute cases keeps surging 20% every year in China and the government will implement the Law of the PRC on Mediation and Arbitration of Labor Disputes on May 1, 2008. A Chinese People's Political Consultative Conference member and the vice chairman of All-China Federation of Trade ...
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Snowstorm boosts Guangzhou Feb CPI hike to 8.6%
(Mar 15, 2008) Administration of Price Control of Guangzhou Municipality announces that Guangzhou CPI hit 8.6% in February 2008 as compared with 2007, reaching the highest point since July 1996. Food price even surged 23.2% in February 2008 as compared with 2007, exceeding the highest level recorded 13 years ago. Analysis points out ...
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Jan & Feb fixed asset investment soars 24.3%
(Mar 15, 2008) National Bureau of Statistics (NBS) says that fixed asset investments in Chinese urban areas rose 24.3% on year to RMB812.1 billion in first two months of 2008. The agricultural sector had RMB5.4 billion of fixed asset investments in January and February, rising 77% as compared with 2007. Investments in the ...
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Hunan Shaoyang to gain RMB100 bn GDP by 2012
(Mar 14, 2008) Shaoyang Municipal of Hunan province will aim at generating up to RMB100 billion GDP by 2012. Annual average GDP growth will be about 11% from 2008 to 2012. Fiscal income will reach RMB5.6 billion by 2012, rising by 13.6% per year on average. In the future, Shaoyang will shift from ...
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Shandong gets more Taiwan investment
(Mar 14, 2008) Recorded Taiwanese investment in the province of Shandong reached US$13 billion as of 2007 yearend. The province approved 359 Taiwanese investment projects in 2007 and recorded Taiwanese investment of US$2.32 billion. By the end of 2007, a total of 7,390 Taiwan investment projects were developed in Shandong province and recorded ...
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Industrial value-added growth drops in first two months
(Mar 14, 2008) National Bureau of Statistics (NBS) announces that industrial value-added of large industries in China rose 15.4% on year for the first two months of 2008 but the increment has notably dropped from the 18.5% a year ago. For January and February, turnover rate of industrial products rose 0.7 percentage point ...
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