PetroChina said the policy would not affect the continuity of its business and regarded it as conducive to the healthy development of its business and improvement of its financial position. Last month, China announced plans to lower its VAT rate. Starting from April 1, the VAT rate for refined oil products dropped from 16 percent to 13 percent. Consumer durables and home appliances giant Haier is making great efforts to meet the growing demand of the Indian mark et and help improve living standards of local people by introducing smart electronic products. After 15 years of operations in India, the Chinese giant recently held theRead More →

pillars of the initiative are important. The most and best (part) of it, I think, is connectiv ity and inter-culture exchange, sustainable development agenda, and knowledge transfer. China is the biggest market in the world. We have enough resources in our country. We want our p roduct get access to the market and we also want to live in good infrastructure, such as roads, railw ays, schools, hospitals. I also hope knowledge of China come to our country. We have sea access, and good infra structure can help our country and neighboring countries get access to the Maritime Silk Road. China has become the second-largestRead More →

dies for each student and the district government has offered another 500 yuan per m onth for each student. The students are only required to pay tuition of 900 yuan per month. Apart from ensuring students get a high-quality education, the sub sidies are also used to increase the salaries of teachers and give them better training, she said. To ensure that more students receive inexpensive yet hig h-quality preschool education, the school added 270 new kinde rgarten slots in 2016, she said. It now has 18 classes and more than 540 students. Children attending public kindergartens or affordable private on es will account forRead More →

He told China Daily his company’s priority is to attract more peo ple, especially non-locals, to visit and boost sales, as local consumption has limited potent ial. The company is eyeing more business opportunities based on word-of-mouth among visitors, Long said. This “one-stop industrial tourism”, as Long calls it, has contrib uted more than 60 percent in total sales since his company started to feel out the market in 2005. Long witnessed the company transform from a State-owned enterprise to a market-orient ed limited company at the turn of century. By streamlining internal bodies and lifting the proportion of em ployees involved in production whileRead More →

 Canalys, said it is possible for Huawei to achieve its ambitious revenue target if it can maintain its current growth rate and everything goes well. “Huawei is also increasing the average selling price of its smartphones and expan ding its presence in the premium segment, which will significantly boost revenue,” Jia said. But the global smartphone market is reaching saturation point, so Huawei has to encroa ch on other smartphone vendors’ market share to maintain a good momentum, Jia added. On Thursday, Yu also unveiled the P30 smartphone series in Shanghai. Priced from 3,988 yuan ($594) in China, the P30 Pro co mes with optimizedRead More →

 km on all kinds of road conditions with no accidents, presenting the leading position of Baidu’s Apollo system. The results of Baidu match the latest road test report by the Califor nian Department of Motor Vehicles in the United States in February. They show that t he Apollo system helped cars travel up to 29,117 km in 2018, a growth of 818 percent from the previous year.n addit ion, Baidu’s test fleet traveled some However, since China has more complicated driving and road conditions than the US, the DMV report has its limitations in terms of testing China’s autonomous cars. The main items tested byRead More →

Beckmann believes globalization and free trade are the essence and the fuel of a company th at is truly global, and the 350-year-old company is very strongly committed to it. “Every attempt to improve free trade is highly appreciated by us,” he said. As a long-term resident in China, Gabor has experienced part of the 40 year s of reform and opening up, and believes the changes that have occurred in China over the years are really dramatic in terms of improving the quality of life and healthcare. “The economic status of the average Chinese person has improved dramatically…Things have moved in a very goodRead More →

ic demand, China faces a harsher situation on the export front. The subindex for new export and import orders respectively stood at 47.1 an d 48.7, both below the 50 mark, indicating easing growth of the world economy. Despite the external challenge, Bank of China economists said in a report released on Thursday that as the effect of the country’s supportive policies starts to surface, the world’s second-largest eco nomy may stabilize, with its GDP growth picking up to 6.3 percent in the second quarter from 6.2 percent in the first. The NBS also said on Sunday that China’s non-manufacturing PMI rose to 54.8 inRead More →

of the China Cup in three consecutive years-2-0 to Iceland at the inaugural edition in 2017, and 6-0 to Wales last year. Thursday’s defeat-the first test of newly appointed coach Fabio Canna varo who is also helming CSL side Guangzhou Evergrande-was harder to swallow bec ause Team China had defeated Thailand in the round of 16 at the Asian Cup in the United Arab Emirates in January. The 45-year-old Caannavaro, who took over from compatriot Marcello Lippi last week, has made headlines and triggered controversy because of the dual club-and-country role. “China now has the financial power to bring the best coach to manage itsRead More →

Letters of Undertakings to overseas banks to obtain buyer’s credit, according to India’s Central Bureau of Investigation (CBI). “Investigation further revealed that the fraud was allegedly perpetrat ed despite the knowledge of senior officials of Punjab National Bank, who did not impl ement the circulars and caution notices issued by the Reserve Bank of India regarding safeguarding the SWIFT oper ations and instead, misrepresented the factual situation to RBI,” according to a statement from the CBI last year. The CBI has raided dozens of offices and seized property worth millions of dollars belonging to Modi, who denies all wrong doing. He has already been chargedRead More →