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China's personal income tax threshold is expected to rise to 5000 yuan (5.5) per month from the current 3500 yuan level, according to the amendment draft on individual income tax submitted on Tuesday.
China's smart appliance market is expected to grow at an average annual rate of 45.3 percent between 2017 and 2022, and is likely to have a value of 162.7 billion yuan (.6 billion) by 2022, according to internet statistics company Statista.
China's population development has been undergoing tremendous changes. Strict, punitive measures included by local authorities in many regulations, such as automatically dismissing government employees for having more children than allowed by law, contradict the general policy trend of encouraging births, according to the autonomous region's legislative body.
China's tax reform, which is to replace business tax with a value-added tax, aiming to boost service industries in China, entered its final phase in May 2016, and it has decreased the total tax and contribution rate by 0.3 percentage points between 2015 and 2016, or an overall tax reduction of 0.8 percentage points, according to the report.
China's strong demand for coal is a major driver behind the rising shipping rates, said Tang, adding that coal contributed 1 billion tons in domestic and foreign trade last year.
来源：资阳报