Tariff, tax cuts to boost real economy

The nation will cut import tariffs on automobiles and other products as early as possible, as part of the country’s initiative to further open up, Vice-Minister of Finance Cheng Lihua said on Wednesday.

Reforms to make SOEs stronger

China will boost the efficiency of its State-owned enterprises with market-oriented principles in the next round of the nation’s opening-up so they can better compete in overseas markets, the head of the State-owned assets regulator said on Wednesday.

New London-China air link

China’s Hainan Airlines launched its second non-stop flight service to the UK on Friday, connecting London with Changsha, the capital of Hunan province.