China plans to invest 2.37 trillion yuan ($375.6 billion) in major energy-saving projects during the 12th Five-Year Plan period (2011-2015), according to a document released by the State Council.
For the first time this year, Taiwan’s exports of machine tools to mainland China swung to growth in July, increasing a staggering 15% from the same month of last year, according to Taiwan Association of Machinery Industry (TAMI).
Machine tools are the heart of all modern industrial production since they provide the means of production for most important sectors in the economy.
Financial aid that companies receive as a result of the country's reforms to its value-added tax will be subject to corporate income tax, officials from the Finance Ministry confirmed to media on Tuesday.
The Chinese government collected much less tax in the first half of this year as the economy expanded at its slowest pace since the depth of the global financial crisis, according to data released by the Ministry of Finance on Tuesday.
Gleason Corp's new facility in Suzhou Industrial Park, Jiangsu Province, China brings together under one roof the company's machine and cutting tool production, which were formerly located in separate facilities in the Suzhou Industrial Park.
China's top leaders have called for the country to become more innovative in science and technology, and for these systems to be reformed in a bid to build scientific power.
Chinese companies are eyeing German machine tool group MAG, two sources close to the transaction said on Monday, in a sign appetite remains high among Chinese groups for the acquisition of German industrial know-how.
The growth of China's textile industry slowed in the first five months of the year, as domestic and external demand continued to drop amid a sluggish economy, according to data from the country's top economic planner.
China's economic growth is expected to fall to 7.6 percent in the second quarter before rebounding to 8.2 percent three months later, Bank of China Ltd forecast in a quarterly report on Thursday.
The China SME Global Development Forum opened Monday in Vienna, focusing on topics including the difficulties of Chinese SMEs in global development.
Chinese President Hu Jintao has expressed confidence that his country will maintain steady and robust growth to make contribution to global economic growth.
China will accelerate tax cuts and reforms for selected industries this year to boost domestic consumption, Finance Minister Xie Xuren said in remarks published on Thursday.
China's exports and imports of mechanical and electronic products will see an averaged annual growth of 10 percent during the coming five years to reach $25 trillion by 2015, according to the sector's development plan released Monday.
Taiwan’s machinery exports amounted to NT$139.1 billion in the first quarter of this year, a marginal improvement of l.4% from the year before, according to the latest statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
New figures have showed that China's textile and garment exports slowed drastically in the first fourth months of this year as domestic companies worry about decreases in their market share overseas and inadequate support from consumption at home.
The Taiwan Association of Machinery Industry (TAMI) authorized its latest report warning that local suppliers of machine tools have been increasingly racked by growing rivalry of their Korean counterparts.
Chinese President Hu Jintao has said China should develop a modern industrial system that is structurally optimized, clean and safe, and that features advanced technologies.
China recently sped up the approval process for a slew of major projects as the world's second-largest economy looks toward investment to boost its slowing economy, local media reported Monday.
The seventh Central China Expo, an important contract-signing and investment event for China's central regions, started Friday in Changsha, capital of Hunan province.
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