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China's rapid development in the industrial internet sector will offer huge opportunities for greater cooperation between foreign companies and Chinese enterprises, as 5G has become an important driver for its application, government officials and corporate executives said on Thursday.
China's tax rate structure was reduced from four tiers to three in July - now simply 6 percent, 11 percent and 17 percent - while the levy on farm produce, tap water and books was reduced from 13 percent to 11 percent.
China-India border trade starts in Yadong county, Tibet autonomous region, on May 1, 2018. [Photo/VCG]
China's rapid urbanization and economic development have generated a substantial increase in the production and utilization of motor vehicles in the country, said Christine Engstrom, director of the ADB's private sector financial institutions division.
China's population is aging rapidly. The number of people aged 60 or above reached 241 million in China by the end of 2017, accounting for 17.3 percent of the total population. The number is expected to peak at 487 million around 2050, accounting for a third of the total population, according to the Office of the National Working Commission on Aging.
来源：资阳报