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China’s H1 industrial profits up 11.4 pct

Chinese industrial businesses saw their profits rise by 11.4 percent year on year in the first half of this year, official data showed on Sunday. Total profits of industrial companies…

China to shut down 1700 small collieries

China’s work safety watchdog on Thursday vowed to close over 1,700 accident-prone small coal mines in a bid to enhance safety and reduce casualties. Yang Dongliang, head of the State…

China’s VAT reform eases taxes by 267.9 bln yuan

China’s value-added tax (VAT) reform has so far resulted in a tax reduction of 267.9 billion yuan (43.56 billion U.S. dollars) for businesses, the State Administration of Taxation (SAT) said…

China considers traditional Chinese medicine legislation

China’s cabinet, the State Council, issued a draft on traditional Chinese medicine (TCM) legislation for public review on Thursday. China will establish a comprehensive TCM medical service system covering both…

British volume of retail sales increases in June

Britain’s retail sales volume in June increased by 3.6 percent compared with June 2013 and by 0.1 percent compared with May 2014, said Office for National Statistics (ONS) on Thursday.…

China Development Bank opens office in Venezuela

The China Development Bank (CDB) opened an office here on Saturday, a move that indicates the two countries will further strengthen their economic relations. Addressing the opening ceremony, CDB President…

China, Brazil sign deal to purchase 60 aircraft from Brazilian Embraer company

Two Chinese companies on Thursday signed a deal here with Brazil’s Embraer, a leading aircraft manufacturer, to buy 60 more E190 planes from the Brazilian firm. According to the newly…

Huawei opens flagship store in Kuala Lumpur Twin Towers oil

Huawei opens flagship store in Kuala Lumpur Twin Towers oil

Chinese Huawei Technologies Co. Ltd opened a flagship store in Kuala Lumpur Twin Towers oil in the city center (KLCC) Wednesday. It is a symbol of improvement of Huawei products…

BMW, China’s Brilliance extend contract term

BMW, China’s Brilliance extend contract term

German car maker BMW Group and its Chinese partner Brilliance Auto have agreed to extend the term of their joint venture contract to 2028. The contract extension will lay a…

China’s SOEs more profitable in 1H

Profits of China’s state-owned enterprises (SOEs) grew faster in the first half of this year from a year earlier. Combined profits of SOEs administered by both central and local authorities…

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