The new China (Shanghai) Pilot Free Trade Zone, established in 2013 in the district, is encouraging more foreign enterprises to register there, and currently nearly half of Shanghai's foreign companies have set up their offices in the free trade zone, Weng said.
The new policy follows a raising of the threshold of personal income tax from 3,500 yuan (4) to 5,000 yuan per month. The tax reform will significantly help reduce the tax burden on low-and middle-income groups, and raise people's disposable income and promote domestic consumption, said experts.
The new airport, which is scheduled to be put into operation in 10 months, has adopted photovoltaic solar energy on roofs of the parking structure and business jets hangar while the geothermal energy will be used in service facilities for airfield.
The new branch in the northwestern state of Penang is also BoC's first smart bank branch among Southeast Asian countries, where state-of-the-art equipment can facilitate paperless and speedy transactions, according to Wang.
The newly launched duty-free liquor and tobacco concession zone boasts the widest selection of single-malt whiskies across airports in the Asia-Pacific region. It also offers the world's most comprehensive product mix of Chinese liquor and tobacco, as well as the world's first shop-in-shop offering Asian liquor.
The new law states that e-commerce traders or those who sell products or provide online services must obtain licenses, register as market entities and pay taxes.
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The national train ticket booking system should provide versions in foreign languages because the number of foreign travelers in China continues to grow, the China Consumers Association has proposed.
The newly registered permanent urban residents in Xi'an has now exceeded one million, after easing of the city's household registration policy started in March 2017, according to the Xi'an public security bureau.
The new regulation clarifies the definition of minsu as "accommodation offered by residents who own or have rights to use the property offered to guests".
The new white paper described outer space as a critical domain in international strategic competition and said its security is strategically significant to national and social development.