Ministry of Finance
China Promises to Build More Manmade Islands in South China Sea with Highest Ever Defense Budget
| Arthur Dominic Villasanta | | Mar 05, 2017 06:16 PM EST |
"This is a requirement for the defense of our national sovereignty and security."
China Floats $14.6 Billion Internet Investment Fund
| Staff Reporter | | Jan 24, 2017 11:07 AM EST |
China announced the launch of a new $14.6 billion internet investment fund on Sunday. The fund was been started by the Cyberspace Administration of China and the country's Ministry of Finance. It aims to provide advisory and financial assistance to internet companies.
China Introduces 10% Tax Increase on 'Super Cars'
| Steve M.C. | | Dec 01, 2016 09:59 AM EST |
China, in a bid to curb expensive way of life by the wealthy community and control pollution, has introduced a 10% tax on cars which cost more than 1.3 million yuan ($189,000) that is to come into effect on Thursday.
China Set to Cut Import Tax By Up to 50% to Spur Domestic Spending
| Camille Harthy | | May 27, 2015 12:24 PM EDT |
China's finance ministry wants people to spend more in the country, so much that it plans to cut current import taxes by half.
China Denies Apple Product Ban
| Cody Brooks | | Aug 08, 2014 05:48 PM EDT |
A Bloomberg News report on Wednesday stating that Apple products were banned from Chinese government procurement lists was refuted on Friday as untrue, according to both China and Apple.
Debt Crisis Looms for Chinese Local Governments
| Christl Leong | | Jun 19, 2014 01:15 AM EDT |
China's local government may have trouble paying off debts as its property market sees a downturn in revenues.
Chinese Officials Told to Buy Discounted Tickets when Traveling
| Acsilyn Miyazaki | | Apr 24, 2014 08:58 AM EDT |
The Chinese government has ordered its officials to purchase discounted tickets when on business trip as part of the ongoing drive against excessive government spending.
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