Des médias étatiques chinois, citant des sources anonymes du bureau de Pékin de l’Administration Nationale des Impôts et  du Bureau des Impôts locaux de Pékin, ont déclaré que Pékin sera la prochaine région à se joindre au programme pilote de la réforme de la TVA qui est actuellement en cours à Shanghai.

China’s non-manufacturing industries shrank in February for the first time in three months, suggesting lagging growth in the overall economy. The non-manufacturing Purchasing Managers' Index (PMI), a key economic indicator, fell to 48.4% from 52.9% for January, according to the National Bureau of Statistics and China Federation of Logistics and Purchasing. 

China’s sixth-largest city, Tianjin, has initiated joint venture negotiations with American media and entertainment company Comcast Corp’s NBC Universal to build a theme park in the port city, according to the head of a Chinese trade delegation team visiting Los Angeles. While the talks are an early stage, Tianjin officials plan to make contacts with other Hollywood studios before taking any decision on joint venture.

China is reviewing a Google-Motorola acquisition deal worth USD 12.5 billion under its anti-monopoly laws. While Google had announced its plan to acquire Motorola Mobility Holdings six months ago, in a recent development U.S. and European regulators approved Google-Motorola deal. Google still needs approval from China, Taiwan, and Israel before it can take control of Motorola Mobility Holdings.

--The outlook for FDI in China this year does not seem very optimistic due to deepening Euro zone debt crisis and the changes in China’s overseas funding policies for some industries, said the Ministry of Commerce in Beijing--

According to the Ministry of Commerce, FDI in China fell for the third straight month as the foreign investment registered a drop of 0.3% to USD 9.997 billion in January from a year earlier and a decline in spending of 12.7% in December after a contraction the previous month that was the first since 2009.

--China Investment Corp (CIC) remains wary of investing in European government bonds despite a plea from Germany's chancellor, but will look for opportunities in infrastructure and real industrial projects--

Bank of Communications (BoCom), China's fifth-largest bank by assets, plans to raise RMB 50 billion (USD 7.9 billion) through a private share placement to meet stricter bank capital requirements, Reuters reports.

Of the five largest banks in China, BoCom has the lowest capital adequacy ratio which makes it the most likely for the bank to issue new stock, analysts said. Raising funds through a private share placement would help ease pressure on the stock price from a massive new supply of shares.