Starting April 1, taxpayers that are subject to the 16-percent VAT rate on their taxable sales or imported goods will enjoy a 13-percent VAT rate, while those who are subject to the 10-percent VAT rate will only need to pay 9 percent, according to a joint statement released by the Ministry of Finance, the State Taxation Administration and the General Administration of Customs.
Starting from May 1, 2015, China introduced an insurance system for bank deposits to protect the interests of depositors and maintain financial stability, allowing commercial lenders to fail in a more market-driven economy. Deposits and interests of up to 500,000 yuan (,612) per depositor at each bank will be fully covered.
Stacks of mushrooms cover the first floor of his stilted house in Yeli Village in the county of Leishan, Southwest China's Guizhou province. The county is known for its ethnic Miao culture, with the Miao people accounting for more than 91 percent of its population.
Starting from late July, the startup is taking production orders for its third model, the EC6, which is a 5-seat electric coupe SUV.
State Councilor and Foreign Minister Wang Yi is accompanied by Ethiopian Foreign Minister Workneh Gebeyehu during an official visit to Ethiopia on Thursday. MICHAEL TEWELDE/AFP
State Councilor and Foreign Minister Wang Yi speaks at an event hosted by the European Policy Centre, a Brussels-based think tank in Brussels on Dec 16, 2019. [Photo/Xinhua]
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Statistics from the SPP show that prosecutors exempted about 70,000 criminal suspects below the age of 18 from arrest from the beginning of 2013 to November 2017, or 28.7 percent of all minor suspects.
Starbucks' challenger in China – Luckin Coffee – vows to open 10,000 stores in the country by 2021.[Photo provided to chinadaily.com.cn]
Starbucks coffee capsules are displayed at a store in Shanghai on Thursday. [Photo/Agencies]
Statistics indicated that Guangzhou's total output of high-tech industries increased by 11.6 percent year-on-year to 436.1 billion yuan in the first half of 2017, accounting for 46.4 percent of the city's total industrial output.