The retail prices of gasoline and diesel will drop by 170 yuan (about ) and 160 yuan per tonne, respectively, from Saturday, according to the National Development and Reform Commission (NDRC). Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per tonne and remain at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China will be adjusted accordingly.
The revised forecasts come amid an intensified push to accelerate State-owned enterprise reforms, which are also expected to improve growth prospects, the World Bank said. But the Washington-based institution said net exports, which have recovered to contribute to growth this year, are facing risks like greater geopolitical tension, rising trade protectionism and economic nationalism.
The retailers claimed that they and their membership fought for Trump's tax reform but are concerned that any benefits from reform for retailers and families will be wiped out by broadly applied tariffs on every day consumer products.
The restoration will be also very important for Tibetology studies and the history of ethnic groups relations in northwestern China, Liang added.
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The rules ban vaping products in retail stores and online. They will also prohibit "misleading marketing" of vapor products using terms like "clean," "safe" and "healthy", the state said.
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The room for further tax reductions comes from three aspects -- unnecessary fiscal expenditures, imperfect government spending structure, and relatively weak tax collection, Liu said. "If measures are implemented on the three aspects simultaneously, tax reduction will not increase deficit or debts."
The research institute said China has made significant progress in the deployment of the IPv6 network, but the country is still in the initial stages and lags behind advanced countries in both data traffic and active user numbers.
The report will compare options for the route across the Qinghai-Tibet Plateau, sending water from the Yangtze River, the country's longest, to the Yellow River, the second longest, according to the Yellow River Conservancy Commission.
The research fields of top 100 Chinese university think tanks mainly focus on economic and social development, accounting for 27 percent of the ranked institutions. And other 15 university think tanks focus on research in international relations and diplomacy, which all reflect the tendency of providing Chinese planning and wisdom as well as solving Chinese problems.