Industrial firms H1 profits up 67% By Cheng Yu | China Daily | Updated: 2021-07-28 08:59 Share CLOSE A technician works on the production line of an aluminum product manufacturer in Qinhuangdao, Hebei province. [CAO JIANXIONG/FOR CHINA DAILY]
First-half revenues of China s major industrial companies saw a steady recovery, yielding almost 67 percent year-on-year surge in their combined profit, but private enterprises and smaller firms still face big challenges in their attempts to grow their profits, officials and industry experts said on Tuesday.
Data from the National Bureau of Statistics showed that first-half profits of industrial firms with an annual business turnover of at least 20 million yuan ($3.09 million) totaled 4.22 trillion yuan, up 45.5 percent from the corresponding figure of 2019, the last pre-COVID level.
China’s Likely Bid for Tax Exemption Poses Risk to Global Accord
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Rich nations are bracing for China to seek exemptions from a global minimum corporate tax, a potential stumbling block for governments racing to reach wider international consensus on the plan next month.
Some officials see China as not easily signing on to the global minimum tax rate of at least 15% endorsed by Group of Seven finance ministers last week, people familiar with the discussions said on condition of anonymity because of the sensitivity of the talks.
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Central region growth is focus of new guideline By ZHANG YUE | China Daily | Updated: 2021-04-23 09:09 Share CLOSE
Six provinces have made tremendous efforts to facilitate national economic upgrading work
The recently released guideline on boosting high-quality development in Central China is expected to better facilitate industrial upgrading, attract more talented individuals and unleash their full potential in the new economy, experts and industry insiders said.
On March 30, during a meeting of the Political Bureau of the Communist Party of China Central Committee－the Party s core leadership－a policy document promoting high-quality development of the country s central region in the new era was reviewed.