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Tax threshold may be raised to 2,500 yuan2007-12-20 9:13:53
A draft amendment to the individual income tax law will be submitted to the national legislature for its first review next week, and experts suggest the starting point should be raised to 2000 yuan ($270.91) or 2,500 yuan, according to today's Guangzhou Daily.The draft will be first read at the 31st session of the 10th National People's Congress (NPC) Standing Committee to be held from Sunday
Corporate debt move a watershed for market2007-12-20 8:58:06
Multinationals are set to get equal access to the domestic corporate debt market in a move that's being hailed as a major breakthrough in the opening of the financial services sector.The decision to allow foreign companies to issue renminbi bonds came out of the recent Sino-US strategic economic dialogue held in Beijing.Many multinationals in China have long recognized the advantages of sourcing r
Blue chips bounce back, index up 2.18%2007-12-20 8:54:44
Heavyweight stocks reversed a downward trend today thanks to the de-freezing of 3.4 trillion yuan ($460.70 billion) of subscription funds and encouraging news from the State asset administrator. PetroChina, weighting for over 20 percent in the benchmark Shanghai Composite Index, surged 1.2 percent to 29.59 yuan today after hitting a historical low yesterday. Others including China Unicom, Bao
Vice premier calls for bigger role of central SOEs2007-12-20 8:52:19
Chinese Vice Premier Zeng Peiyan said Tuesday that state-owned enterprises (SOEs) administered by the central government should grow more competitive to play a larger role in the economy."Centrally administered SOEs are a main force in state-owned firms and a backbone in the national economy," Zeng said. "They should become bigger and stronger to contribute more to the economic and
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