China is aiming to digitize its tax-invoicing system as part of the government’s efforts to raise more revenue and limit instances of tax evasion committed by companies, including those in the seafood sector.
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China targets ‘green infrastructure’ deals in $50B pledge to Africa
China has inked several green infrastructure deals with African countries pledging $50 billion to the continent.
China promises Africa US$50 billion to finance infrastructure and trade
China has pledged more than US$50 billion to Africa in financing that will deepen cooperation in infrastructure and trade with the continent over the next three years.
China’s Country Garden removes PwC as auditor
Country Garden Holdings on Thursday said PricewaterhouseCoopers (PwC) has resigned as its auditor following the property developer’s recommendation, making it the latest Chinese company to sever ties with the troubled auditing firm.
China Merges Two Brokerages to Create $230 Billion Giant
China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the $1.7 trillion sector amid a slump in deals. Most Read from BloombergThe Outsized …
Security and finance headline China’s pledges to Africa at FOCAC Summit
Chinese President Xi Jinping outlines 10-point plan to ‘turn China’s big market in to Africa’s big opportunity’.
China’s central bank sees room to cut reserve buffers to boost growth
China still has room to lower the amount of cash banks must hold as reserves while it faces some constraints in cutting interest rates, a central bank official said on Thursday, as it seeks to…
China’s Central Bank Sees Room to Lower Banks’ Reserve-Requirement Ratio
A Chinese central bank official raised the possibility of further relaxing the amount of reserves banks are required to hold but signaled that no aggressive monetary easing is in the pipeline amid …
China’s New York envoy ‘performing his duties as usual’ after Chinese agent case, Beijing’s consulate says
China’s consulate in New York has denied reports that its top diplomat was removed in the aftermath of an alleged Chinese agent bust, saying the consul general is “performing his duties as usual.” …
China sees room to lower reserve requirement ratio, PBOC official says
BEIJING, Sept 5 (Reuters) – China still sees some room to lower the amount of cash banks must hold as reserves, a central bank official said on Thursday, adding that the lender will continue to…
Lifting 800 million people out of extreme poverty: Lessons for South Africa from China
The two leaders issued a joint statement in which China commits to ‘sharing with South Africa experience in poverty alleviation and rural revitalisation; in building poverty alleviation model villages …
China plans to cut mortgage rates to shield banks
China: Financial regulators have proposed reducing rates on outstanding mortgages by a total of about 80 basis points (bps), part of a package that includes an accelerated timeline for when mortgages …
China’s Xi promises $50 billion for Africa over next three years
Chinese leader Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation …
