China’s economy grew at an annual rate of 6.7% in the three months to September, government data showed, a sign that growth is stabilising.The figure was the same rate as the previous two quarters, and was in line with forecasts.The spell of stability will reassure investors after China’s markets and currency crises earlier this year sparked fears of a further slowdown.China’s economic performance has a big knock-on impact around the world.Full year growth for 2016 is still likely to be weaker than last year’s, which was alreadythe slowest in 25 years."The general performance was better t...
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2016
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The Shenzhou-11 manned spacecraft will be launched at 7:30 a.m. Monday Beijing Time, China’s manned space program spokesperson said Sunday.The spaceship will take two male astronauts Jing Haipeng and Chen Dong into space, said Wu Ping, deputy director of China’s the manned space engineering office, at a press conference at the Jiuquan Satellite Launch Center.The mission will be carried out with a Long March-2F carrier rocket, Wu said.The spacecraft will dock with orbiting space lab Tiangong-2 within two days, and the astronauts will stay in the space lab for 30 days, she said.After that the Sh...
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2016
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The construction of a new civilian airport is expected to start soon along China’s border with Russia in the northeastern province of Heilongjiang.Costing around 1.2 billion yuan (179 million U.S. dollars), the regional airport is designed to handle 450,000 passengers and 3,600 tonnes of cargo and mail annually, according to an official spokesperson with Suifenhe City.It will have a 2,500-meter-long, 45-meter-wide runway, allowing 4,800 take-offs and landings a year, said the spokesperson.The construction of an expressway leading to the airport broke ground on Saturday.Located in the southeast...
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2016
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China’s economy performed better than expected in the third quarter and the country’s debt risks are under control, Premier Li Keqiang said on Tuesday."China’s economy in the third quarter not only extended growth momentum in the first half but showed many positive changes," Li said in the speech in Macau that was broadcast live on state television.Key indicators such as factory output, company profits and investment have rebounded, he said, ahead of China’s release of third-quarter gross domestic product (GDP) data on Oct. 19.More than 10 million new urban jobs were created in the f...
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2016
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A new property tax law draft is expected to be submitted to the National People’s Congress(NPC) for deliberation in 2017, Beijing-based Legal Daily reported.According to Hao Ruyu, an NPC Standing Committee member, the drafting process had begun in July. The Standing Committee of the NPC, China’s top legislature,included the law in a legislation plan released in August 2015.The absence of a property registration system in China is an obstacle in introducing property tax, said Shi Zhengwen, deputy director of the Chinese Association for Fiscal and Tax Law, in an interview with Legal Daily. Shi i...
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2016
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