- China HSBC PMI Slows to 54.4 in December
The HSBC China Purchasing Managers’ Index (PMI) slipped to 54.4 in December from 55.3 in November as output and new businesses increased at the slowest pace in three months.
- China to Expand the Coverage of VAT
China sets to expand the coverage of value added tax (VAT) during the 12th five-year plan (2011-2015), among other tax adjustments, which would bring the country’s revenue up 8 percent in 2011.
- China's 3G Users to Hit 100Bln in 2011: Analyst
By the end of 2011, the number of 3G users is expected to hit 100 million and investments conducted by China’s three largest telecom operators will reach 75 to 78 billion yuan.
- China's New Lending Falls in Nov.
New loans totaled 564 billion yuan in November, central bank data showed on Friday, down slightly from 587.7 billion in October.