Starting from Jan 1, a series of large-scale tax cuts and fee reductions reduced the burden of Chinese enterprises, especially the small and micro enterprises. About 17.98 million enterprises benefited from corporate income tax and 98 percent of them were private enterprises. Many companies in manufacturing, transportation and construction industries also benefited from VAT tax rate deduction since April 1.
Statistics showed that Chinese banks have participated in more than 2,600 related projects, and issued loans amounting to over 0 billion since the initiative was first proposed.
Starting on July 1, Hainan increased its annual tax-free shopping quota from 30,000 yuan to 100,000 yuan per person.
State-owned defense conglomerates have been moving progressively toward becoming providers of world-class hardware in the international arms market.
Starbucks will on April 25 unveil its first batch of cocktail-inspired summer drinks, titled Modern Mixology, which includes eight kinds of locally produced, low-fat flavors with no additives.
Statistics from the company showed more than 10 million customers have used Bububao, covering all regions in Chinese mainland.
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Stealthy startup Human debuts headphones shaped like ears, calls them an ‘evolution of personal audio’ (653 Facebook likes, 4 comments) Published: Sept. 20, 2016
Starbucks has a handful of existing locations in the Pacific Northwest that serve beer and wine, but the Amazon campus represents a high-profile location for testing the strategy.
Standard assets such as bonds, bank deposits and interbank lending took a major part, or 68 percent, of the assets to which wealth management funds were allocated, said a report released by the China Banking Wealth Management Registration and Depository Center.
Stable economic development will help China well manage the potential capital outflow caused by external factors, including the ongoing interest rate hike by the Fed and the China-US trade row, according to Wang.