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Chinese e-commerce giant Alibaba surpassed its US counterpart Amazon

[caption id="attachment_17636" align="alignnone" width="300"]Chinese e-commerce giant Alibaba surpassed its US counterpart Amazon Chinese e-commerce giant Alibaba surpassed its US counterpart Amazon[/caption] Chinese e-commerce giant Alibaba surpassed its US counterpart Amazon as the world's biggest e-commerce company Tuesday as the Hangzhou-based company reached the threshold of 470 billion U.S. dollars in market value. Shares of...
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China implements new tax on cross-border e-commerce

A new tax system will be implemented for cross-border e-commerce retail sales, said Ministryof Finance, the General Administration of Customs and the State Administration of Taxationon Thursday, Economic Daily reported. The implementation, which will come into effect on April 8, will offer cross-border businessesas well as traditional retailers a more fair competition mechanism. As Chinese customers' overseas shopping spree and cross-border e-commerce...
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Li: China will meet main goals

China will meet main goals China can meet its main goals of economic and social development set for this year, Premier Li Keqiang said on Wednesday. The premier made the remarks while addressing a reception at the Great Hall of the People marking the 66th anniversary of the founding of the People's Republic...
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‘Red articles’ continue to shine in modern ear

'Red articles' continue to shine in modern ear Xue Kaizhong was not surprised when the gold and silver coins he bought on Aug 27 for 6,600 yuan ($1,033) were worth 9,000 yuan in mid-September. The 64-year-old, who lives in Zhongshan, Guangdong province, stood in line for two hours to buy the coins, which...
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Xi celebrates National Day with ethnic minority representatives

Xi celebrates National Day with ethnic minority representatives BEIJING - Chinese President Xi Jinping on Wednesday met with 13 representatives from the five autonomous regions, invited to the National Day celebrations for their contribution to ethnic unity. The five autonomous regions, Inner Mongolia, Guangxi, Tibet, Ningxia and Xinjiang, host the majority of population...
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Govt releases guide for SOE mixed ownership

Govt releases guide for SOE mixed ownership The State Council gave foreign investors a clear signal on Thursday, welcoming their participation in the country's mixed-ownership reforms as well as in making improvements to its security review mechanisms´╝Źa step indicating continued movement toward reforms necessary to attract more foreign investors. Foreign investors are invited...
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