Tax cuts and fee reductions totaled 402.7 billion yuan (.6 billion) in January and February, and nearly 158.9 billion yuan of it was in new tax cuts implemented after the novel coronavirus outbreak to counter downward pressure on the economy, especially to support small and medium-sized companies, according to the administration.
Tax deduction has been a priority of the State Council since 2013, with the annual taxable income threshold of small and micro-businesses eligible for halved income tax being constantly raised. It will be raised again from 500,000 to 1 million yuan.
Take the Shanghai First Food chain, which is offering three new varieties this year-pickled Chinese cabbage with bullfrog; abalone with fresh meat; and fresh meat with dried bamboo shoots. The bullfrog mooncakes are particularly popular. About 3,000 are sold online every day.
Take the country's major Ansteel Group Corp as an example. The group said at the forum it would continue with its reforms in operational mechanisms to enhance its productivity.
Take a virtual tour of Amazon’s Virginia dreamland, where the sun shines and drones deliver packages
Taiwan's mayoral elections in November took a dramatic turn, with Kuomintang candidate Han defeating his rival from the ruling Democratic Progressive Party in Kaohsiung, the DPP's base for over 20 years.
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Taylor said that despite India's actions, China has remained restrained and tolerant. "I believe that this is because China wishes to preserve friendly China-India relations," he said.
Taken together, the northern Camp Fire, the southern Woolsey Fire and a handful of smaller blazes in Southern California have displaced more than 224,000 people, CalFire said.
Technology has also reached the country's mom-and-pop stores, which were largely run by intuition. Alibaba's LST and JD's XLT are both initiatives to help small shops circumvent a network of multilayered distributors and wholesalers in order to trim costs and improve margins.
TOKYO -- Japanese Prime Minister Shinzo Abe said on Friday that he hopes to reach a trade deal with the United States at an early juncture that would benefit both countries.