The government plans new tax cuts to reduce the burden on businesses, support innovation and stabilize growth in April, including simplifying value-added tax and income tax incentives for more small and micro companies.
The global AI chip market is forecast to hit .8 billion by 2023, with the industry growing at a compound average annual growth rate of 54 percent, according to data from market research company ReportLinker.
The government tried to push regional development in the past few decades, but Ganzhou won no major projects or key investment due to its geography, resulting in slow, sometimes nonexistent, industrial growth.
The freight train, carrying over 30,000 parcels worth nearly 500 million yuan (.8 million), is expected to return within eight hours after its arrival 15 days later, the first of its kind between the two cities.
The frenzy of disposal activity was driven primarily by ongoing stiff policy control back home, led by a clampdown on lending to real estate developers and investors, the report said.
The government in Wenzhou, a city known as the country's cradle for private entrepreneurship, has joined with Ant Financial, operator of China's biggest online payment platform Alipay, and e-commerce giant Alibaba through an agreement signed in May 2015 to jointly develop "a smart business area."
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The funds, earmarked by the MEM and the Ministry of Finance, will be used to help flood diversion areas in the province relocate affected residents and reconstruct damaged houses.
The fresh cooperation between the Olympics and a leading Chinese online education firm will help demonstrate the country's advanced education technology prowess to the world, industry insiders said.
The government will intensify support to businesses to keep their payrolls stable. The current policy of lowering the premiums of unemployment insurance and workplace injury compensation insurance will continue for another year.
The free trade port greatly stresses environmental protection in the process of its development, strictly restricting real estate expansion, said Liu Cigui, Party chief of Hainan, citing the importance of building a diversified modern industrial system with limited land resources.