Plan aims to improve community services

More quality community-based public services, including preschool education, nursing and medical services, will be available by 2025, according to a plan released by the State Council, China's Cabinet.

February 10, 2022

80% of rural areas to have community service facilities by 2025

China aims to equip at least 80% of its rural areas with comprehensive community service facilities by 2025, an official of the National Development and Reform Commission said at a policy briefing on Wednesday.

February 10, 2022

China plans space exploration for next five years

China has made plans for planetary exploration in the upcoming five years, including exploring asteroids and comets as well as collecting samples from Mars, according to a white paper on the country's space program released Friday.

January 28, 2022

Strong market entity support reaffirmed, number tops 150M

More efforts will be made to support China's market entities or businesses so as to inject market vitality and stabilize economic fundamentals, as the number of market entities hit a record high by the end of last year, according to the country's top market regulator on Thursday.

January 28, 2022

260M passenger trips made in first 10 days of Spring Festival travel rush

A total of 260 million passenger trips were made during the first 10 days of China's Spring Festival travel rush in 2022, a transport official said Thursday.

January 28, 2022

China's individual-run businesses create 276 million jobs

There were 103 million registered individual- and household-run businesses in China by the end of 2021, and they created 276 million jobs in total, according to a press conference Thursday.

January 27, 2022

China cuts taxes, fees by 1.1 trillion yuan in 2021

In 2021, China reduced taxes and fees by about 1.1 trillion yuan (US$174 billion), while deferring 216.2 billion yuan in tax payments from micro, small and medium-sized enterprises in the manufacturing sector.

January 26, 2022

China's fiscal revenue up 10.7% to 20.25 trillion yuan in 2021

​China's fiscal revenue jumped 10.7% year on year to 20.25 trillion yuan in 2021, almost doubling the number in 2012, Vice Minister of Finance Xu Hongcai said at a press conference Tuesday.

January 26, 2022

China cuts 1.1 trln yuan of taxes, fees in 2021

China cut about 1.1 trillion yuan (173.9 billion U.S. dollars) of taxes and fees in 2021, the top tax authority said on Wednesday.

January 26, 2022

Steps to boost foreign direct investment

China will expand items in the industry catalog that encourages foreign investment, and further beef up preferential land and tax policies, to guide the flow of more foreign capital into fields such as advanced manufacturing, modern services, high technology and digital economy, as well as to central and western regions of the nation, officials said on Tuesday.

January 26, 2022

China to scale up tax and fee cuts in 2022

China will take stronger measures to cut fees and taxes to support market entities this year with a combination of fiscal incentives, the Ministry of Finance said Tuesday.

January 26, 2022

China's fiscal revenue jumps 10.7% in 2021 on stronger economic recovery

China's fiscal revenue rose 10.7 percent year on year to hit 20.25 trillion yuan (about 3.19 trillion U.S. dollars) in 2021, Xu Hongcai, vice minister of finance, said Tuesday.

January 26, 2022

Trade of goods with B&R countries sets record in 2021

China's trade of goods with countries along the Belt and Road topped 11.6 trillion yuan in 2021, the highest in the past eight years. The number marked a year-on-year increase of 23.6% and accounted for 29.7% of China's total foreign trade last year.

January 25, 2022

China's fiscal revenue exceeds 20 trln yuan in 2021

China's fiscal revenue rose 10.7 percent year on year to hit 20.25 trillion yuan (about 3.19 trillion U.S. dollars) in 2021, Xu Hongcai, vice minister of finance, said Tuesday.

January 25, 2022

China's domestic consumption further recovers in 2021

Despite the impact of COVID-19, China's consumer market in 2021 saw steady recovery, exhibiting strong vitality and resilience, according to the commerce ministry Tuesday.

January 25, 2022

China to provide Tonga with more emergency aid

China has decided to provide three more batches of emergency assistance to Tonga in the wake of the recent volcanic eruptions and tsunami there, said Foreign Ministry spokesperson Zhao Lijian Monday.

January 25, 2022

China maps five-year plan for building modern distribution system

China's top economic planner on Monday unveiled plans for a modern distribution system over the 14th Five-Year Plan period (2021-2025).

January 25, 2022

China's macro policies capable of stabilizing 2022 economic growth: Expert

China's fiscal and monetary policies have retained room to ensure the country's stable economic growth in 2022, an expert said at a press conference on Friday.

January 22, 2022

Overseas investors increase Chinese mainland bond holdings by 166.6B dollars in 2021

Chinese yuan-denominated assets are becoming increasingly prominent in the portfolios of foreign investors as they remain upbeat about China's long-term prospects, an official said on Friday.

January 22, 2022

Chinese banks report net forex purchase

Chinese banks saw a net foreign exchange purchase in 2021 as the yuan's exchange rate remained generally stable and the cross-border capital flows were maintained in a reasonable and orderly manner.

January 21, 2022