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China has moved to lighten the burden on businesses as its economy has lost steam. A government work report released in March promised around 350 billion yuan in corporate tax cuts and around 200 billion yuan in reductions to business fees in 2017.
China has become the world's most significant production site of VR terminal products, which nurtures the VR consumer market, Wu said, adding the ministry will continue to support the building of a VR manufacturing innovation center, and advance the research and development of VR core technologies.
China has been the world's largest outbound tourism market since 2012, according to data from the United Nations World Tourism Organization.
China has already launched trading of crude oil futures contracts and the Shanghai Gold Benchmark Price in the past few years among its steady moves to further open up the financial sector and commodity market.
China has leapfrogged to be the world's largest steel producer. In 2017, China produced 832 million tons of steel, followed by 169 million tons in the European Union, 105 million tons in Japan, 101 million tons in India and 82 million tons in the US, according to the World Steel Association. Back in the 1980 when the US produced 101 million tons of crude steel, China's output was 37 million tons.
来源：资阳报