China's tax authorities have accelerated export tax rebates process this year in support of the steady growth of foreign trade, reported China Media Group (CMG) on Sunday.The country handled 1.64 trillion yuan ($228.67 billion) in export tax refunds and exemptions from January 1 to November 10, a year-on-year increase of 14.9 percent, data from the State Administration of Taxation showed.The export tax rebate procedure has been constantly optimized, allowing all export tax rebate applications to be handled online since the start of the year.What's more, the processing time has also bee...
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Treasury bond issuances amounted to 827.18 billion yuan last month, and local government bonds worth 668.73 billion yuan were issued, according to the People's Bank of China.Issuances of financial bonds stood at 766.09 billion yuan in the same period, and issuances of corporate credit bonds neared 1.1 trillion yuan.Credit-asset-backed securities worth 37.51 billion yuan were issued in October, while issuances of interbank deposit certificates topped 1.17 trillion yuan, the data showed.By the end of October, outstanding bonds held in custody totaled 144.1 trillion yuan, according to the ban...
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China's installed capacity of renewable energy has sustained growth momentum since the beginning of this year amid the country's pursuit of green development.By the end of October, China's total installed power generation capacity reached about 2.5 billion kilowatts, rising 8.3% year on year, data from the National Energy Administration showed.Specifically, the installed capacity of wind power grew 16.6% from a year ago to 350 million kilowatts, while that of solar power came in at 360 million kilowatts, a yearly increase of 29.2%.The country has enhanced its renewable energy inves...
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Bangkok is in the limelight with leaders of the 21 Pacific Rim economies gathering for their first in-person meeting since 2018 to seek solutions to pressing challenges and spur sustainable and inclusive growth across the region and beyond.The 29th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting will be hosted on Friday and Saturday under the theme of 'Open, Connect, Balance.'The world is sailing into strong headwinds as the fragile global economic recovery is relentlessly battered by persistent inflation, skyrocketing energy and food prices, as well as heightene...
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China's top economic regulator will continuously promote the implementation of a package of policies to stabilize the economy, further expedite the financing of projects via policy-based and developmental financial instruments, accelerate infrastructure projects and proactively expand effective investment, said an official with the National Development and Reform Commission on Wednesday.'We have noticed that economic stabilization is speeding up in major economically developed provinces. Industrial growth drivers and investing confidence will continue to increase as the implementation ...
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