China in the global economy
In 2014, Fortune's Global 500 list of the world's largest corporations included 95 Chinese companies, with combined revenues of US$5.8 trillion. The same year, Forbes reported that five of the world's ten largest public companies were Chinese, including theworld's largest bank by total assets, the Industrial and Commercial Bank of China.
China completes implementation of VAT scheme
China has replaced all business tax with value-added tax (VAT) after extending the policy to cover the construction, real estate, finance and consumer services sectors on Sunday.
Policy bank lends more to agriculture
The Agricultural Development Bank of China (ADBC) provided more financial support to China's agriculture and rural development in the first quarter.
Int'l bank group invests in Chinese fund to support entrepreneurship
International Finance Corporation (IFC), an arm of the World Bank, announced Monday it has invested 15 million U.S. dollars in China Innovation Works to support entrepreneurship in China.
China's largest trade fair opens
The Canton Fair, the largest import and export expo of its kind in China, opened on Friday in the southern province of Guangdong, with the majority of participants being small and medium-sized firms.
First locally-made China-brand car unveiled in Paraguay
Paraguay on Monday unveiled the first car entirely assembled in the country, a J2 model by Chinese automaker JAC Motors.
ADB to fund 250 mln USD to support China's treatment of industrial wastewater
The Asian Development Bank (ADB) announced Tuesday that it had approved a loan of 250 million U.S. dollars to a Chinese firm for a wastewater and sludge treatment project.