Ministry of Finance

Beijing Urges U.S. to Avoid Default

As the U.S. government begins its second week on shutdown, Beijing has urged Washington to avoid a debt crisis and protect Chinese investments. Reuters reports: China, the U.S. government’s largest creditor, is...

Xinhua: No “Massive Stimulus”

State-run Xinhua News Agency announced Tuesday that China will not introduce a large stimulus similar to the one it implemented during the 2008 financial crisis, tempering expectations following a call last week by Premier Wen...

Tax Dilemma for China’s Ministry of Finance

From Economic Observer Online: Corporate income tax is likely to be targeted as a major source to boost China’s state coffer as its Ministry of Finance faces increasing fiscal spending pressure from natural disasters and...

China to Slap Export Taxes on Grains – AFP

From AFP: China said on Sunday it will levy taxes on grain exports in 2008 in the latest move apparently aimed at reining in galloping inflation and ensuring stable domestic food supplies. The rates would range from five to 25 percent, according to a brief announcement posted on the website of the Ministry of Finance […]

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