Technicians of PetroChina check manufacturing equipment at a natural gas purifying plant in Suining, Southwest China’s Sichuan province. [Photo by Liu Changsong/For China Daily] China’s top energy producer PetroChina posted a 2.3 percent rise in first-quarter profit on Tuesday, partly due to higher natural gas output. Profit attributable to owners of the company rose to…
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Li Lecheng has been appointed as the Minister of Industry and Information Technology, replacing Jin Zhuanglong, according to a statement published on the ministry’s official WeChat account on Wednesday. Li was appointed as the Party secretary of the Ministry of Industry and Information Technology in February. Tanks to chinadaily.com.cn Please visit: Our Sponsor
BEIJING — The promulgation of China’s private sector promotion law is timely and of great significance, said Yang Heqing, head of the economic law department of the Legislative Affairs Commission of the National People’s Congress (NPC) Standing Committee. Chinese lawmakers voted to adopt the private sector promotion law after a draft version was submitted for…
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BEIJING — China’s newly adopted private sector promotion law underscores the country’s commitment to fostering an equitable competitive environment for all market participants, according to an official of the country’s top economic planner. Speaking on the latest episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency, Liu Min, deputy head…
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Shoppers browse products at Wumart’s renovated store in Beijing on Friday. WANG HAIXIN/FOR CHINA DAILY Wumart Group, a leading retailer based in Beijing, has begun introducing the first assortment of products sourced from exporting enterprises in its retail channel as part of a larger effort by retailers across the country to reduce inventory pressure on…
Marco Polo International Italy (MPI), a subsidiary of China’s Sinochem Holdings Corp Ltd, issued a statement expressing its deep disappointment and strong opposition regarding an assessment by Italian tire maker Pirelli’s board of directors concerning the company’s control structure. Pirelli’s board announced on Monday that it no longer has a controlling shareholder. MPI, however, contends…
Foreign tourists shop at the Silk Street Market in Beijing on April 20. China unveiled a set of measures on Sunday to further optimize its departure tax refund policy. [CHINA DAILY] Anna Lanny, a 26-year-old tourist from Russia, was delighted to receive her tax refund on the spot after making purchases recently at the upmarket…