The Ministry of Finance (MOF) of China announced on Monday that it will raise the export rebate rate of 3,770 commodity items this year, sources reported.
The new policy, which takes effect from Dec. 1, covers labor-intensive, mechanical and electrical products.
Tags: export, MOF
China’s Ministry of Finance (MOF) has announced a series of measures to boost the country’s ailing real estate market amid global financial turmoil, sources reported.
Effective from Nov. 1, 2008, the contract tax will be reduced to 1% on purchase of the first housing property with a floor space of no more than 90 square meters. [...]
China’s Ministry of Finance has transferred entire 32.35% stake in China Credit Trust Co to the People’s Insurance Company (Group) of China (PICC) without any consideration after getting approval from the State Council, market sources reported.
The move was said to support the insurer’s restructuring and listing in the A-share stock market as a financial holding [...]
China’s tax revenue was RMB 532.325 billion in July, a rise of 13.8% compared with the same period last year, but growth rate was down 19.3 percentage points lower than the same period last year, according to statistics released by the Ministry of Finance (MOF).
The slowdown in growth was mainly due to efforts to cool [...]
China Petroleum & Chemical Corp (Sinopec) said on Saturday that the tax rebate policy on oil product imports is likely to continue in the third quarter, according to sources.
Sinopec said that the price difference between Sinopec’s imported diesel oil prices and domestic prices is expanding, due to the turbulence in the global oil market. The [...]
