To ease the burden, the central government launched a reform in 2012 aimed at phasing out corporate tax and introducing VAT at each stage of the production chain. The pilot was gradually expanded, and the collection of corporate tax was scrapped in May last year.
To build the report, now in its 39th year, PwC interviewed 800 people in the real estate and finance industries and received survey responses from another 1,600.
To do that, insurers and regulators should mitigate risks in key fields, improve defenses and optimize risk emergency and response systems, he said.
To deal with downside pressure, policymakers should also consider offering more support to revitalize traditional industries, especially privately owned manufacturing sectors, as the scale of new economy sectors is still limited at present, Liu added.
To ensure the authenticity of its jian bing, Mr Bing invited Chinese jian bing-makers to train the company's employees in New York. In China, street vendors sell the snack for less than a dollar apiece. In New York, it can go for as much as . American consumers have so far given positive feedback about the traditional snack, and have shared pictures of it across social media.
Timothy Laryea, an international student from Ghana, West Africa, recently recorded the Zhongjie Street in Shenyang, Liaoning province, with his video camera to share a bit of authentic China with people in his hometown.
长寿怎么去除腋臭
To effectively manage our growth, we must continue to implement our operational plans and strategies, improve and expand our infrastructure of people and information systems and expand, train and manage our employee and contractor base.
To drive economic and social development, Ma said that Tencent will deepen its businesses to be a "connector", a "toolbox" as well as a "co-builder of the ecosystem."
To better cater to different clients' specific needs, the company released five application products, including the intelligent security analysis system Deep Finder, intelligent government decision-making system Deep Governor, intelligent multimedia service system Deep Editor, smart marketing system Deep Creator and smart manufacturing system Deep Sensor.
To ensure the stable supply and quality of medicines, the country will establish reporting systems that can reflect the emergency stocks, inventories and production capacities of bid-winning medicine manufacturers.