BEIJING, Feb. 22 (Xinhua) -- China will roll out targeted measures to help small and medium-sized enterprises (SMEs) tide over difficulties, a senior official with the Ministry of Finance said Tuesday. As a major impetus for economic and social development, SMEs play an irreplaceable role in increasing employment, improving people's livelihood and promoting entrepreneurship and innovation, Yu Weiping, vice finance minister, told a press conference. Against the backdrop of the pandemic, China will implement more supportive policies to help these enterprises get through operational...
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BEIJING, Feb. 22 (Xinhua) -- China will intensify tax and fee cuts with targeted measures in 2022 to bring benefits for market entities and bolster economic growth, according to the Finance Ministry on Tuesday. 'China will see a larger scale of tax and fee cuts this year,' the minister of finance Liu Kun told a press conference, citing that the country cut about 1.1 trillion yuan (about 173.9 billion U.S. dollars) of taxes and fees last year. The country will maintain appropriate levels of fiscal expenditure while giving priorities to key sectors including sci-tech breakthrou...
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BEIJING, Feb. 21 (Xinhua) -- China continued to see a generally stable housing market in January, official data showed Monday. New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- edged up 0.6 percent month on month in January, according to data from the National Bureau of Statistics (NBS). Specifically, new home prices in Beijing and Shanghai rose 1 percent and 0.6 percent month-on-month, respectively, while prices in Guangzhou and Shenzhen each gained 0.5 percent. A total of 31 second-tier cities saw a month-on-month increase of 0.1 percent...
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BEIJING, Feb. 18 (Xinhua) -- China will accelerate the construction of major new infrastructure projects, support telecom operators to speed up 5G construction and help industrial enterprises advance digital transformation, according to a circular released Friday. The circular on policies to promote the steady growth of the economy was issued by 12 central departments including the National Development and Reform Commission. China will kick off major projects for the industrialization of the BeiDou Navigation Satellite System and promote the large-scale application of the system in m...
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BEIJING, Feb. 20 (Xinhua) -- China's securities market attracted more than 1.32 million new investors in January, industrial data showed. The figure marked a drop of 3.6 percent from the previous month, according to the China Securities Depository and Clearing Corporation Limited. Individuals accounted for the majority of new investors, exceeding 1.32 million, while new institutional investors stood at 3,700. By the end of last month, the number of investors in China's securities market reached 198.73 million, the data showed.
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