Apple unit underpaid $71 mn in tax in 2013: China

Last Updated: Thursday, September 10, 2015, 18:44

A China unit of U.S. tech giant Apple Inc underpaid taxes in 2013 by 452 million yuan ($71 million), according to a report from the country`s finance ministry, which comes as China toughens its stance on tax payments by foreign firms.

China to launch new crude oil benchmark

Last Updated: Thursday, September 10, 2015, 17:43

China plans to launch a yuan- denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday.

China deflation fears grow as producer prices sink most in 6 years

Last Updated: Thursday, September 10, 2015, 08:54

The producer price index (PPI) fell 5.9 percent in August from the same period last year, its 42nd consecutive month of decline and the biggest drop since the depths of the global financial crisis in late 2009, data showed on Thursday.

China consumer inflation rises to 2% in August

Last Updated: Thursday, September 10, 2015, 08:07

The reading for the consumer price index, a main gauge of inflation released by the National Bureau of Statistics (NBS), was higher than July`s 1.6 percent and the strongest since a similar 2.0 percent in August last year.

China capable of maintaining `high` growth: Li

Last Updated: Wednesday, September 9, 2015, 19:52

The Chinese government is capable of maintaining high economic growth, Premier Li Keqiang said on Wednesday, after fears the economy was slowing rocked global financial markets in recent weeks.

China announces multiple fiscal policies to boost growth

Last Updated: Wednesday, September 9, 2015, 18:35

China Wednesday announced proactive fiscal policies aimed at stabilising growth in the world's second largest economy as it grappled with industrial overcapacity, sluggish demand, struggling exports and a volatile stock market.

China plans new push to reform state firms: Reports

Last Updated: Wednesday, September 9, 2015, 18:27

China is preparing to unveil broad reforms for state-owned companies which will see some firms shut and others introduce more diversified ownership, according to media reports, in moves one analyst called a "game-changer".

Deutsche Boerse delays Asia plans due to turbulence, tech woes

Last Updated: Wednesday, September 9, 2015, 17:57

Financial market turbulence in China and software problems have prompted Deutsche Boerse to delay its planned Asian derivatives exchange and clearing house by about 18 months, three people familiar with the plans said on Wednesday.

Chinese premier seeks to quell global markets' China fears

Last Updated: Wednesday, September 9, 2015, 17:30

China has fended off the major risks to its financial system while its economic prospects remain positive, Premier Li Keqiang said on Wednesday, as he tried to reassure global markets that Beijing can keep its economy on track and stock markets in check.

China to step up fiscal incentives to boost growth

Last Updated: Wednesday, September 9, 2015, 16:39

China will adopt "stronger" fiscal policies to support growth, Beijing said as it seeks to sooth increasing fears about the world`s second-largest economy following turmoil in domestic and overseas markets.

Knee-jerk reaction not answer to emerging challenges: FinMin

Last Updated: Tuesday, September 8, 2015, 23:38

The Finance Ministry Tuesday said "knee-jerk" reaction is not the answer to the current challenges being faced by India and assured that measures initiated by the government will boost growth.

Indian economy sees 'firming growth', says OECD

Last Updated: Tuesday, September 8, 2015, 20:01

Amid the global economy witnessing mixed trends, Paris-based think tank OECD on Tuesday said India is expected to see "firming growth" while the outlook for China continues to deteriorate.