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The Ministry of Finance announced on Wednesday that the value-added tax rate will be a flat 3 percent for many small businesses, effective July 1.

China's central bank on June 10th outlined areas it will target in providing financial support and implementing reform measures, following its latest move to cut reserve requirements for banks engaged in lending to the agriculture sector and small firms.

[Ferro-alloys.com] China is the world's second largest carbon trading market following the European Union (EU), according to data released on Tuesday.

China's central bank announced on Monday that it will cut the reserve requirement ratio (RRR) by 0.5 percentage points for banks engaged in proportionate lending to agricultural and small firms.

China's exports continued to recover in May amid improving demand in developed countries, which analysts believe will ease concerns over a slowdown and help stabilize growth.

The Chinese economy is growing steadily, but there is a long list of economic and financial reforms to be completed without delay, a senior official with the International Monetary Fund (IMF) has said.

[Ferro-Alloys.com] China may end tariffs and quotas on the export of rare earth minerals next year, in line with a World Trade Organization panel ruling earlier this year that the nation acted inconsistently with WTO rules, an industry expert said on June 5th.

[Ferro-Alloys.com] The U.S. trade deficit of goods and services increased in April, as exports edged down and imports surged, the Commerce Department said on June 4th.