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April 24, 2017

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Say hello to the new Taiwanese
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China
Taxes, costs cut to help businesses grow
New tax cuts to spur economic dynamism were approved at the State Council's executive meeting, presided over by Premier Li Keqiang, on Wednesday. Some pilot taxation incentives will be expanded, and the value added tax will be consolidated.
 
Shanghai notches up 6.8% GDP growth in Q1
Shanghai posted 6.8 percent GDP growth in the first quarter of 2017, a better than expected performance thanks to recovering industrial output and the continuous growth of the service sector, said the city's statistics and development and reform authorities.
 
Baidu launches Apollo, opens self-drive platform
Baidu Inc announced a new project-Apollo-to open up its autonomous driving platform to its partners, a move to promote the development of self-driving technology.
 
Facing a backlash over an incident this month involving an Asian-American passenger, United Airlines CEO Oscar Munoz is planning a visit to China.
 
Xiaomi releases Mi 6, speeds up offline expansion
A seven-year-old Chinese smartphone vendor, Xiaomi, has recently released its six-generation flagship device, Mi 6. The latest model was unveiled in Beijing on Wednesday, and will stay firm in the country's increasingly competitive market.
 
Paytm, India's largest mobile wallet operator by user number, is on course to introduce a money market fund, a credit scoring system and other functions similar to the architecture of Alipay by 2020, its chief executive officer said.
 
Home prices up in lower-tier cities
Home prices in lower-tier cities rose faster in March and those in some first-tier cities dropped slightly as new city-specific home purchase policies took effect, according to data issued by the National Bureau of Statistics released on Tuesday.
 
The robust growth of the Chinese economy in the first quarter is a positive sign for the global economy, the head of a US business lobbying group said on Tuesday, calling for further progress in bilateral trade and investment relations.
 
China backtracking on market opening: biz group
An American business group says China's push to develop its own technology and other industries has "narrowed the space" for foreign companies to compete in its market.
 
C919 ends first high-speed taxi test
The much-anticipated C919, the large homegrown passenger jet, has finished its first high-speed taxiing test, and it is just one step closer to its maiden flight.
 
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