MIL-OSI China: Beijing sees sharp drop in home transactions in 2017
Source: China State Council Information Office Beijing’s commercial housing transactions significantly shrank in 2017 due to effective controls, according to a white paper issued Tuesday. Last year, 43,000 new commercial homes were sold in the national capital, down 26.5 percent year-on-year, and 134,000 second-hand homes were sold, a drop of 49.8 percent year-on-year, according to […]
Read More →MIL-OSI China: Proposed tax cut to ensure fairer income distribution in China
Source: China State Council Information Office 2 China’s top legislature Tuesday began reviewing a draft amendment to the Individual Income Tax Law as part of efforts in the country to achieve fairer income distribution and common prosperity. The draft amendment, submitted for the first reading at a bimonthly session of the National People’s Congress (NPC) […]
Read More →MIL-OSI China: Draft e-commerce law better protects consumer rights
Source: China State Council Information Office 2 China’s draft e-commerce law was submitted to the top legislature for a third reading Tuesday, further regulating online market order and protecting consumer rights. The latest draft will be reviewed at a four-day bimonthly session of the National People’s Congress (NPC) Standing Committee, which runs Tuesday to Friday. […]
Read More →MIL-OSI China: Merkel, Macron agree on major EU reforms
Source: China State Council Information Office Germany and France have agreed on major EU reform plans after German Chancellor Angela Merkel and French President Emmanuel Macron met Tuesday to prepare the June 28-29 EU summit. According to the statement released after the two leaders’ talks in Meseberg outside Berlin, Germany and France are to “open […]
Read More →MIL-OSI China: US withdraws from UN Human Rights Council
Source: China State Council Information Office The United States is withdrawing from the UN Human Rights Council, U.S. Permanent Representative to the United Nations Nikki Haley said in Washington on Tuesday. The exit marks the latest U.S. departure from multinational organizations and treaties after it pulled out of the Paris climate accord, the UN global […]
Read More →MIL-OSI China: Australian PM, Chinese ambassador call for mutual trust at key business summit
Source: China State Council Information Office Both Australian Prime Minister Malcolm Turnbull and Chinese Ambassador Cheng Jingye said on Tuesday that it was time to put aside any mistrust in bilateral relationship and work toward a more respectful and constructive accord. Turnbull, Cheng and Australian Foreign Minister Julie Bishop were among the speakers at the […]
Read More →MIL-OSI China: Neymar limps out of training, setting Brazilian alarm bells ringing
Source: China State Council Information Office Neymar hobbled out of a training session on Tuesday, setting alarm bells ringing in the Brazil camp as they prepare for their second World Cup group game against Costa Rica on Friday. “Neymar came out of training today with a painful right ankle,” said Vinicius Rodrigues, a spokesman for […]
Read More →MIL-OSI China: Japan make history with World Cup win against 10-man Colombia
Source: China State Council Information Office Yuya Osako exacted sweet revenge for Japan on Tuesday as the Blue Samurai beat Colombia 2-1, becoming the first Asian side ever to beat a South American team at the World Cup. Osako’s 73rd-minute winner meant the Japanese avenged their 4-1 mauling in the group stages of Brazil 2014 […]
Read More →MIL-OSI China: NPC reviews draft amendment to Individual Income Tax Law
Source: China State Council Information Office 2 The Standing Committee of China’s National People’s Congress (NPC) has begun reviewing a draft amendment to the Individual Income Tax Law at its bimonthly session that opened Tuesday. The draft amendment raises the minimum threshold for personal income tax from 3,500 yuan (about 544 U.S. dollars) per month […]
Read More →MIL-OSI China: Harbin Int’l Economic and Trade Fair concludes
Source: China State Council Information Office The 29th Harbin International Economic and Trade Fair concluded Monday in northeast China’s Heilongjiang Province and saw a total contract value of over 59 billion yuan (9.1 billion U.S. dollars). Preliminary statistics show 268 agreements worth about 59.2 billion yuan were signed during the five-day fair that was held […]
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