Numbers of the Week

110.5 million tons

China produced a total of 110.5 million tons of crude oil in the first seven months, up 2.2 percent from the year-earlier period. It imported 104.32 million tons of crude oil during this time.

100 billion yuan

The Ministry of Finance submitted an application to the State Council seeking a 100-billion-yuan ($16 billion) cut in value-added tax as of January 1, 2009.