Shanghai’s industrial production grew 3.8 percent in October from a year ago to 199.4 billion yuan (US$29.2 billion), the slowest expansion this year, the Shanghai Statistics Bureau said yesterday.
The rise was down from September’s 6.4 percent and August’s 9.2 percent and came against the backdrop of the global financial crisis which eroded production demand in [...]
Tax rebates for China’s light industry should be increased to alleviate cost burdens on exporters, the cabinet said on Wednesday.
China also plans to remove unreasonable administrative fees and charges on industry players, and offer more, said a statement released after the executive meeting of the State Council presided over by Premier Wen Jiabao.
Tags: export, industry, [...]
WEN Jia Boa, Chinese Premier presided over the executive meeting of the State Council yesterday, during which policies and measures to boost healthy and rapid development of light industry are passed.
It was decided that tax rebates for light industry should be increased to alleviate cost burdens on exporters and unreasonable administrative fees and charges on [...]
India’s largest utility vehicles maker Mahindra & Mahindra Ltd (M&M) said it has bought a majority stake in Chinese State-owned enterprise Jinagsu Yueda Yancheng Tractor Manufacturing Co Ltd (Yancheng Tractor) and also signed a joint venture agreement with the Chinese company.
In a regulatory filing, M&M said Yancheng Tractor will transfer its tractor related assets and [...]
China’s 4-trillion-yuan ($586 billion) economic stimulus package may warm up the global mining market, easing the nerves of some mineral exporting countries, China Business News reported on Wednesday.
Speaking at the opening ceremony of the China Mining Expo Tuesday, Graeme Leslie Meehan, minister of the Australian embassy in China said that China’s plan to boost domestic [...]
China’s dairy industry took an enormous blow with the Sanlu tainted milk scandal, which led to the deaths of three babies, the hospitalization of tens of thousands of others and an international scandal that shamed China.
However, looking back over the wreckage of the affair, there is one dairy producer which stands clear of the scandal, [...]
