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China to boost exports with e-commerce
China will set up more integrated pilot zones for cross-border e-commerce, support the processing trade with new steps and hold the China Import and Export Fair (Canton Fair) online to stabilize foreign trade and investment after the Covid-19 outbreak.
After holding an executive meeting chaired by Premier Li Keqiang on Tuesday, the State Council said it had decided to set up another 46 integrated…
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Automobile sales fall 37% in Jan-Feb due to virus
The number of automobiles sold in mainland China in January and February declined 37% from the same period last year due to the Covid-19 outbreak.
Automobile sales had been declining since 2018 and were heavily hit by the coronavirus epidemic earlier this year, said Wang Bin, an official at China’s Ministry of Commerce.
China launched a series of supportive measures to stabilize the automobile…
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China lures foreign investment with tax cuts
China is considering providing more tax benefits for foreign companies to encourage them to reinvest in the country and start new projects, according to the State Council Information Office.
State Taxation Administration’s deputy head Run Rongfa and chief auditor Wang Daoshu attended a Beijing press briefing organized by the State Council Information Office on Tuesday to talk about China’s plan…
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Chinese SMEs to enjoy new financial sources
The Chinese government has launched a series of financial measures that will allow small-and-medium-sized enterprises (SMEs) and micro firms to enjoy extra financial sources of more than 3 trillion yuan (US$428.57 billion) this year.
The standing committee of China’s State Council held a meeting, chaired by Premier Li Keqiang, on Tuesday and decided to increase the refinancing and rediscount…
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China to launch new medical insurance products
The China Banking and Insurance Regulatory Commission (CBIRC) has launched a set of new rules to regulate the industry sector and encouraged insurers to develop more long-term medical insurance packages.
Insurers are now allowed to develop and sell long-term insurance schemes that can vary charges under some well-defined conditions, the CBIRC said in a statement on its website.
These long-term…
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