"The VAT reform has pressed a fast-forward button on infrastructure connectivity among countries under the Belt and Road Initiative," said Hu Yijian, professor at Shanghai University of Finance and Economics. "In the construction sector alone, the number of overseas project contracts Chinese compani...

Shenzhen culture giant to bolster Xi'an tourism By Zhou Mo in Shenzhen (chinadaily.com.cn) Updated: 2017-06-21 Cultural enterprise OCT Group signed a strategic partnership agreement with the Xi'an government on June 19 to help the northwestern city develop its cultural tourism industry.Under the agr...

Companies And Markets State-owned firms' Jan-April profits surge Profits at China's State-owned firms rose 24.8 percent in the first four months of 2017 from the same period a year earlier, the Ministry of Finance said on Wednesday. Total profits stood at 824.75 billion yuan ($119.69 billion) in Jan...

New tax incentives for venture capital firms and angel investors are expected to encourage them to invest more, which will likely help boost the tech startup sector, said senior industry executives.In April, the Ministry of Finance and the State Administration of Taxation announced certain benefits ...

"In most cases, growth leads to investment, which then leads to renewed growth. Private capital is usually unwilling to jump start that process. The devil is always in the details, and initiative projects and locations have yet to be determined." Tom Miller, senior Asia analyst at Gavekal Research a...