- 1. China's fiscal revenue up 31.2% in H1
The Ministry of Finance said on Thursday that the country's fiscal revenue rose 31.2 percent year-on-year to 5.69 trillion yuan (875.5 billion U.S. dollars) in the first half of this year.
In June alone, fiscal revenue reached 1.01 trillion yuan, up 27.6 percent from a year earlier, the ministry said in a statement on its website.
The...
- 2. China's yuan strengthens against USD
The Chinese currency Renminbi, or the yuan, strengthens 88 basis points to 6.4640 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day.
The central parity rate of the yuan...
- 3. China eyes higher global ranking for innovation over next five years
China will raise its global innovation ranking over the next five years, according to a newly issued national scientific and technological (S&T) blueprint.
The blueprint, issued by the Ministry of Science and Technology on Wednesday, maps out the country's S&T development goals for the coming five years. The blueprint's objectives...
- 4. Production halted at 2 oil platforms after recent spills: COPC
ConocoPhillips China (COPC) said on Wednesday that it has halted operations at two of its platforms in north China's Bohai Bay after China's maritime authorities ordered a suspension.
China's State Oceanic Administration (SOA) told the company on Wednesday that it must halt production at the two platforms due to its poor efforts in cleaning up...
- 5. Yiwu Automobile Dealers Association established
The afternoon of July 8, Yiwu Automobile Dealers Association inauguration ceremony was held at the kingdom hotel. Vice Mayor Ji Jin-fu to attend the ceremony.
Kim Bo-quarter of the association set forth requirements for future development. He said the association should conscientiously implement, the Party and State's policies and regulations...
- 6. China raises fuel prices
China will raise prices of petrol and diesel of 320 yuan (about 53.2 dollars) per ton beginning Sunday, said Saturday the State Commission for Reform and Development (CERD).
The pump price of petrol will therefore increase by 0.26 yuan per liter, while that of diesel will increase by 0.30 yuan per liter, according to a statement posted on the...
