In 2017, the time taken to prepare, file and pay the three major taxes (value-added tax, corporate income tax and labor tax) in China dropped to 142 hours, down 31.4 percent compared with 2016. The number of payments has also been reduced to seven from nine, showing the continued enhancement of taxpayer services, according to the World Bank report.
In August, local governments started accelerating bond issuances, according to data from the Ministry of Finance. Local governments issued bonds worth 3.96 trillion yuan in the first eight months, including 2.35 trillion yuan worth of special bonds. Local authorities were also required to complete the 2019 annual bond quota by the end of September.
In 2017, the China-Europe rail service began making occasional trips to transport Chinese-made goods to Budapest, but it was not feasible to launch regular operations because the rail freight volume was relatively low at the time and very little cargo needed to be shipped back.
In 2018, 700 infrared cameras were installed across the reserve, capturing 1,477 video clips and 788 pictures of wild giant pandas.
In 2018, he started to do contracted farming-that involves growing produce to order-with Alibaba's fresh food chain store Freshippo, also known as Hema Xiansheng, and his main task is to balance and fix the prices to match market value fluctuations.
In 2017, the service sector accounted for 51.6 percent of GDP, up from 45.3 percent in 2012. Between 2013 and 2017, the service sector's contribution rate to the economic growth was 52.8 percent, much higher than agriculture's contribution rate of 4.6 percent and industry's contribution rate of 42.6 percent.
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In 2017, the Chinese State Council chose May 10 as China Brands Day. The attention given to the importance of branding has risen from the corporate level to the federal level.
In 2018 alone, the zone saw a 30 percent increase in patent applications and a 40 percent increase in approved patent applicants.
In 2017, two-way trade between China and the United States exceeded 0 billion. Between 1990 and 2017, two-way investment between China and the United States was nearly 0 billion. Nearly 15,000 people fly across the Pacific between China and the United States every day, Wu said.
In August, police in Qingdao, Shandong province, arrested 25 fugitives with the help of a facial recognition system set up at the Qingdao International Beer Festival.