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Many of China's State-owned performance groups have carried out reforms in line with government policies that encourage cultural units to tap market resources and cut their dependence on State funds.

The financial crisis has not dampened Chinese mainlanders' enthusiasm for outbound travel, an ACNielsen report has revealed.

The first ministerial review of China's income tax system has recommended the current tax threshold be maintained despite calls to ease the burden on middle-income families.

More than half of nearly 800 wealthy Chinese recently polled believe the widening gap between the rich and poor is also creating an emerging upper class in the country.

China may miss its growth target for foreign trade this year due to shrinking overseas demand, although the economy has stabilized in the first half.