The tax cut will be in effect from the beginning of 2017 to the end of 2019. Companies that already paid the extra will receive credit to be deducted from their taxes payable, according to the statement.
The takeover was in accordance with related laws and is aimed at solving governance problems of the companies, preventing risk spillover, and safeguarding investors' legitimate rights, the CSRC said on its website.
The task of poverty reduction remains arduous, with numerous challenges such as lack of public services in some areas, inefficient implementation of poverty reduction measures and misuse of poverty alleviation funds, said the statement.
The study concluded that the current 7.7 billion level will increase by 2 billion people in the next 30 years, reaching 9.7 billion by 2050. The population may peak at nearly 11 billion around 2100, John Wilmoth, director of the population division of UN's Department of Economic and Social Affairs (UN-DESA), told a news conference on Monday.
The survey is expected to last throughout May 2021, to deliver a whitepaper on pancreatic cancer patients' survival situation in China, which, a first of its kind, will be of help to the comprehensive improvement of pancreatic cancer care and the establishment of standard diagnosis and treatment norms.
The system, which is expected to be fully operational by the end of 2020, will rank individuals and enterprises and punish violators engaging in unethical behavior.
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The success of China, as well as that of other Asian countries, provides valuable lessons that will empower other developing nations on their way toward sustainable development, said Ban, a former secretary-general of the United Nations.
The summit, jointly initiated by China, South Africa and Senegal, was held via video link. The countries issued a joint statement afterward. South Africa is the rotating chair of the African Union and Senegal is co-chair of the Forum on China-Africa Cooperation.
The sub-index tracking business profits stood at 50.7 percent in May, down 0.4 percentage points from the previous month but still in the expansion range.
The task will become increasingly challenging, with the percentage growing to 10 percent in 2019 and 12 percent in 2020, according to the draft.