The meeting decided to extend tax break policies to more micro and small businesses. From 2015 to the end of 2017, companies with annual taxable income under 200,000 yuan ($32,573) will have their corporate tax halved. Previously, the threshold was 100,000 yua...
China's foreign trade stumbled by 10.8 percent to 2.09 trillion yuan ($341 billion) on a year-on-year basis in January, pushing the country to accelerate the pace of restructuring.
China’s economy expanded 7.4 per cent in 2014, just short of an official growth target of 7.5 per cent, making it the first time the Chinese government has missed its aim since 1998.
China has expanded its free trade zone (FTZ) in Shanghai and established 3 new zones with eased investment rules to speed up reforms amid economic hardship.
Profits of Chinese industrial businesses hit 676.12 billion yuan (110.84 billion U.S. dollars) in November, down 4.2 percent year on year, the National Bureau of Statistics (NBS) said on Dec 27th.
The Renminbi will experience "normal fluctuations" in 2015, experts said on Dec 25th. The yuan will continue to experience depreciation and appreciation next year, said chief economist with the Bank of Communications Lian Ping.