20191204 China News
Source: | Author:eacham | Published time: 2019-12-04 | 842 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:
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Profit recovery in the high-end sector and some key industries during the first 10 months of the year despite rising downside pressure is an indication that China's ongoing industrial transformation and upgrade efforts are gradually bearing fruit, experts said.

The Ministry of Finance and State Taxation Administration on Tuesday started soliciting public opinions on a draft document of consumption tax law.

Soaring pork prices in China continued to soften last week as the country rolled out multiple measures to stabilize hog production.

China will not resort to competitive measures like zero interest rate or quantitative easing, but would instead maintain its conventional monetary policies over the long term and ensure currency stability, a top monetary official said.

The rebound of China's manufacturing activity in November indicated improved external and domestic demand in light of effective government measures to shore up growth and the recent de-escalation of the trade tension between Beijing and Washington, according to a survey of private and smaller firms on Monday, reinforcing the optimistic official data released over the weekend.

China's Xinjiang Uygur autonomous region recorded around 131.5 billion yuan (about $18.7 billion) in imports and exports in the first 10 months of this year, up 28 percent year on year, local authorities said Monday.

China's manufacturing sector expanded in November for the first time in seven months, the National Bureau of Statistics said on Saturday, indicating that the confidence of enterprises has been boosted by expectations of at least a partial trade deal with the United States.

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Source：Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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