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China's tax revenues beat out GDP growth

In the first half of this year, China reported fiscal revenue of 4.33 trillion yuan ($637.21 billion), up 27.6 percent year-on-year, according to statistics from Ministry of Finance. The growth rate is far more than the GDP growth in the same period. "This is a common phenomenon. Sometimes the year-on-year growth rate of fiscal revenue is ev…

2016-03-22

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China's largest port posts 52% growth in profit for H1 on foreign trade recovery

Shanghai International Port Group (SIPG), China's largest commercial port and one of the country's major gateways for foreign trade, reported a 52 percent increase in profits during the first half of the year. Net profits for SIPG were 2.6 billion yuan (385 million U.S. dollars) from January to June, up 52.4 percent year on year, the com…

2016-04-14

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Announcement on Increase of Capital and Stock with Subsidiaries

The Company?s board of directors and all the directors guarantee the announced information does not contain any false record, misleading statement or significant omission and will bear several and joint responsibilities for the authenticity, accuracy and completeness of the announced information. On May 16, 2011, Shanghai Sanmao Real Estate Co.,…

2016-04-14

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